NIFTY OUTLOOK: 25839.65 FII -3760.08 cr DII 6224.89 cr
As discussed yesterday, market behaviour remained on expected lines. Continuing its bearish sentiment, Nifty slipped to a day low of 25728, near our support of 25755.
A bearish candle with wicks on both sides appeared on the daily chart, defending the opening bullish gap of 12 November 25. This suggests Nifty is taking a breather before further downside. Under such bearish sentiment, any attempt by bulls may face resistance at 25893–25945. A breakout and sustained trade above these resistances may push Nifty to 25996–26048.
This candle also acts as a continuation pattern. Hence, if Nifty fails to defend the 12 November opening gap and continues its bearish sentiment, then on a decisive breakdown of 25787, we may see downside up to 25735–25683. If supply accentuates further, it may test 25631.
Bank Nifty Outlook
SPOT: 59222.35 PCR: 0.89 Max CE OI: 60000 Max PE OI: 59500
On December 09, 2025, Bank Nifty closed at 59222.35 (-16.20) (-0.03%).
The total movement during the session was 479.8 points.
High: 59358.25
Low: 58878.45
Technical View
• Important support and resistance levels: 58500 and 60105
• Intraday support and resistance: 59090 and 59354
• RSI: 56.7 (Below 30 oversold, above 70 overbought)
Bank nifty Day SMA Analysis
Bank nifty is trading above 6 out of 8 SMA’s (20, 30, 50, 100, 150, 200 Day).
Bank nifty is trading below 2 out of 8 SMA’s. (5, 10 Day)
One candlestick Pattern was identified in bank nifty on daily chart.
- Belt Hold Uptrend
Macro:
1.Dollar index is @ 99.227
2.Vix is @ 16.61
3.Brent crude is @ 61.92 4.US 10 years bond yield 4.189
Note
The much-awaited event begins today as the Fed starts its two-day policy meeting. Markets widely expect a rate cut on Wednesday. CME Fed Watch now shows an ~89% probability of easing from the current 3.75%–4% range. High expectations are building for a “hawkish cut”.
China’s trade surplus crossed $1 trillion for the first time, as exporters diverted shipments to non-U.S. markets to avoid President Trump’s tariffs.
• November surplus: $111.68 bn (vs. $90.07 bn prior month)
• Strong exports to Europe, Australia, ASEAN
• Shipments to the U.S. fell ~33% y/y
• China is aggressively expanding export markets through EU, SE Asia and offshore production hubs.
The US–India trade deal will be in focus as discussions begin on 10th December. This remains the most important event for the Indian economy, and markets will track developments closely.
By Ashok Bhandari (RA)
SEBI Regd. No. INH00019549
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