Daily Morning Report – 1/12/25

NIFTY OUTLOOK 26202.95 FII -3795.72 cr DII 4148.48 cr
(1st – 5th December 2025)

As discussed in the previous report dated 24th November 25, market behaviour remained on the expected lines during the week. The negative divergence on RSI triggered profit booking up to our level of 25827 (made a weekly low of 25842.95), and from there Nifty bounced and tested our resistance of 26310.45.

A dragonfly doji–like candle on the weekly chart suggests buyers have regained control over short-term selling pressure, indicating bears are losing momentum. This northward move may face resistance around 26323 to 26443. A decisive breakout and sustained move above these levels may extend the rally towards 26563 to 26683.

However, this candle appearing near the top of the uptrend also signals indecision, as prices are close to resistance zones and sellers attempted—though failed—to take control. If sellers re-enter, Nifty may slip to 26083 to 25963. Failure to hold these supports may drag it further to 25843 to 25723.

Bank Nifty Outlook

Spot 59752.70 PCR 1.17 Max CE OI 60000 Max PE OI 58500

On 28th November 2025, Bank Nifty closed at 59752.70 (0.03%). The index moved 298.55 points intraday, hitting a high of 59897.50 and a low of 59598.95.

Key Levels
• Major Support: 58875
• Major Resistance: 59973.55
• Intraday Support: 59670
• Intraday Resistance: 59834.80

Intraday Strategy
• Go long above 59835, SL 59807.40, Target 59916.90
• Go short below 59670.60, SL 59697, Target 59588.50

RSI for Bank Nifty stands at 72.20, indicating overbought conditions (above 70).

Bank nifty Day SMA Analysis:

Bank nifty is trading above 8 out of 8 SMA’s (10, 20, 30, 50, 100, 150, 200 Day).

Bank nifty is trading below 0 out of 8 SMA’s. (5 Day)

 One active candlestick Pattern was identified in bank nifty on daily chart.

• Rickshaw Man UptrendMacro:

1. Dollar index is @ 99.41

2. S&P 500 Vix is @ 16.35 (-5%).

3. Brent crude is @ 63.20

4. U.S. 10 year’s bond yield is @ 4.019

Note:

All key macro indicators remain stable. The VIX, which had spiked to the 23–24 zone, has cooled sharply to ~16—down almost 40%—driven by a surge in rate-cut expectations from 30% to 86.5% over the last 8–10 days.

As highlighted earlier, a lower dollar, strong rate-cut hopes, and rapid progress on the US-China trade deal continue to support bullion and base metals. Silver, gold, platinum, and copper rallied strongly on Friday, with silver and copper hitting fresh all-time highs.

We expect the Dollar Index to remain weak and potentially slip further towards the 97.3–97.8 zone. This will continue supporting bullion, base metals, and emerging-market equities.

Important Pivot Point Levels for Today           

Nifty

Bank Nifty

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549