Daily Morning Report – 29/12/25

Date: 29.12.2025
NIFTY OUTLOOK: 26042.30 FII -317.56 cr DII 1772.56 cr
(29th December 25 – 2nd January 2026)

As discussed in the previous report dated 22nd December 25, market behavior remained on expected lines during the past week, as buying pressure faced resistance around 26194, making a weekly high of 26236.4 but failing to sustain and slipping to a weekly low of 26008.6.

The weekly chart of Nifty indicates that for the sixth consecutive week, there is a battle between buyers and sellers, suggesting a continuation of an indecisive, range-bound scenario. However, a bearish candle with an upper wick on the weekly chart suggests selling pressure on Nifty rallies. If selling intensifies, a decisive breakdown of 25935 may lead Nifty to slip to 25827–25720, and if supply increases further, it may test 25611.

This struggle between buyers and sellers suggests immediate resistance for Nifty around 26150–26257. A successful break above these levels may allow bulls to push Nifty to 26365–26473.

Bank Nifty OUTLOOK:
Spot: 59011.35 PCR: 0.65 Max CE OI: 59500 Max PE OI: 59000

On 26th December 2025, Bank Nifty closed at 59011.35 (-172.25, -0.29%). The total movement in the index was 359.9 points during the trading session. The index made a high of 59180.65 and a low of 58947.05.

Technical View:

Important support and resistance levels of Bank Nifty are 58865 and 59157, respectively.

Intraday support and resistance are 58947 and 59075, respectively.

The Relative Strength Index (RSI) for Bank Nifty is 50.10 (below 30 is oversold, above 70 is overbought).

Bank nifty Day SMA Analysis:

Bank nifty is trading above 4 out of 8 SMA’s ( 50, 100, 150, 200 Day).

Bank nifty is trading below 4 out of 8 SMA’s (5,10,20,30  Day).

No Candlestick Pattern was identified in bank nifty on daily chart.

Macro:

1. Dollar index is @ 97.695

2. Vix is @ 13.60 (+0.97%)

3. Brent crude is @ 60.78 4.10 years bond yield is @ 4.126

Note: US and Russian Presidents spoke on the phone before the Ukrainian President later in the day. U.S. President Donald Trump said on Sunday that he had “a good and very productive” phone call with Russian President Vladimir Putin before his meeting with Ukrainian President Volodymyr Zelenskiy in Florida later that day.

Bank of Japan Governor Kazuo Ueda said on Thursday that the nation’s underlying inflation is gradually accelerating and steadily approaching the central bank’s 2% target, reiterating the bank’s readiness to continue raising interest rates. He also highlighted the benefits of further rate hikes, noting that adjusting the degree of monetary support will help Japan achieve 2% inflation smoothly along with long-term economic growth.

As mentioned several times, commodities, including bullions, have given an excellent rally due to demand-supply factors, a weak dollar, and hopes of rate cuts in the US.

Regarding Indian markets, we have been trading in a range for the last six weeks, and uncertainty over the US–India trade deal continues to weigh on sentiment.

Important Pivot Point Levels for Today           

Nifty

Bank Nifty

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549