Nifty 50 shows a cautious, range-bound trend on December 29, 2025, following a close at 26,042.30 on December 26 amid year-end profit booking in heavyweights like banking and IT stocks. GIFT Nifty signals a flat to mildly positive open around 26,121, with global cues mixed. Intraday outlook remains consolidative unless key supports break.
Key Levels
Immediate support rests at 25,900–25,830, aligning with recent lows and moving averages, while resistance caps at 26,160–26,250. A hold above 25,900 keeps upside potential toward 26,300; a close below risks testing 25,700. RSI below 60 indicates waning momentum.
Technical Outlook
Nifty trades in a 25,700–26,300 consolidation range, with mild pressure below 26,000 due to negative market breadth and thin volumes. Upside requires a decisive move above 26,160 for bullish confirmation, while failure at supports may extend weakness. Bearish PCR at 0.59 suggests caution among traders.
Trade Setup
Buy above 25,950 targeting 26,100/26,160, stop loss 25,820.
Avoid fresh shorts unless below 25,830; focus on intraday range plays given year-end volatility SHREEEJI FINANCE & INVESTMENT AHMEDABAD IMAGE CRATE
No comments:
Post a Comment