Daily Morning Report – 11/12/25

NIFTY OUTLOOK: 25758.00 | FII -1651.06 cr | DII 3752.31 cr

As discussed yesterday, market behaviour moved exactly on expected lines. After a pause in Nifty’s downtrend, buyers attempted an upside move but faced resistance at our mentioned 25945 level (day high: 25947). The index later slipped and tested the day low near our support zone of 25735, continuing with its bearish sentiment.

A bearish candle with an upper shadow appeared on the daily chart, defending both the previous day’s low of 25728 and the bullish opening gap (25694.95–25834.3) formed on 12th November 2025. This indicates diminishing selling pressure. If buyers attempt again, a rally towards 25863–25915 is possible on a successful crossover of 25810. Stronger demand may extend the move towards 25967.

On the downside, continuation of the dominant downtrend may lead to support at 25705–25653. Failure to hold these levels may drag Nifty towards 25601–25551.

BANK NIFTY OUTLOOK (Spot: 58960.40 | PCR: 0.81 | Max CE OI: 60000 | Max PE OI: 59500)

Bank Nifty closed at 58960.40 (-261.95 / -0.44%) on 10th December 2025, with a total intraday range of 587 points. It made a high of 59440.90 and a low of 58853.90.

• Major support: 58500
• Major resistance: 60105
• Intraday support: 58799
• Intraday resistance: 59122
• RSI stands at 52.2 (neutral zone; below 30 oversold, above 70 overbought)

Bank nifty Day SMA Analysis

Bank nifty is trading above 5 out of 8 SMA’s (30, 50, 100, 150, 200 Day).

Bank nifty is trading below 3 out of 8 SMA’s. (5, 10, 20 Day)

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

Macro:

1. Dollar index is @ 98.55

2. Vix is @ 15.77 ( -6.85%)

3. Brent crude is @ 62.56 4. US 10 years bond yield is @ 4.143

Note:

As expected, the US Fed delivered a 0.25% rate cut, and in a dovish surprise, the Fed Chair announced immediate buying of short-dated government bonds to improve liquidity. The Fed will start with ~$40 billion/month in T-bill purchases. While the rate cut was priced in, the liquidity boost signals further easing, supporting risk sentiment.

On the India–US trade front, Commerce Secretary Rajesh Agrawal met USTR Deputy Representative Rick Switzer to discuss bilateral ties and progress on a mutually beneficial trade agreement. India continues seeking relief from punitive 25% tariffs imposed over Russian oil imports. As mentioned yesterday, the deal will likely progress in phases rather than as a full agreement. A reduction in tariffs on Russian oil and select goods would act as a positive trigger for equities.

Conclusion:
Investors are now waiting for concrete announcements on the India–US trade deal, which remains a key sentiment driver.

Important Pivot Point Levels for Today           

Nifty

Bank Nifty

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549