Daily Morning Report – 12/12/25

NIFTY OUTLOOK: 25,898.55 | FII: -Rs. 2,020.94 cr | DII: Rs. 3,796.07 cr

As discussed yesterday, market behaviour remained on expected lines. The dominant downtrend respected our support of 25,705 (day low: 25,693.25) and, with diminishing selling pressure, buyers managed to lift Nifty to our expected level of 25,915 (day high: 25,922.8).

A bullish candle has appeared on the daily chart, defending the previous two lows and repeatedly protecting the bullish opening gap of 12th November 2025. This indicates that buying pressure has overcome selling pressure, keeping hopes alive for the bulls.

If Nifty receives further buying support, then a successful surpass of 25,953 may lead to a rally towards 26,005–26,057. If demand strengthens further, Nifty may even test 26,110.

On the downside, 25,845–25,793 may act as immediate support. A sustained break below these levels may drift Nifty towards 25,740–25,687.

BANK NIFTY OUTLOOK

Spot: 59,209.85 | PCR: 0.87
Max CE OI: 60,000 | Max PE OI: 59,500

On 11th December 2025, Bank Nifty closed at 59,209.85 (-249.45 / -0.42%). The index moved 623.45 points during the session, hitting a high of 59,423.35 and a low of 58,799.90.

Technical View

• Major Support / Resistance: 58,500 / 60,105
• Intraday Support / Resistance: 59,038 / 59,381
• RSI: 55.8 (Above 70 = overbought; Below 30 = oversold)

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)

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

• Harami Uptrend

Macro:

1. Dollar index is @ 97.875 (-0.90%)

2. Vix ia @ 15.33 (-2.79 %)

3. Brent crude is @ 61.09 (-1.80%)

4. US 10 years bond yield is @ 4.123 (-1.15%)

Note

• After three consecutive interest-rate cuts, investors face uncertainty regarding the U.S. monetary policy outlook for the coming year, with inflation concerns, data gaps, and an upcoming leadership change at the Federal Reserve.
• The Fed’s slower easing path contrasts with market expectations of two 25-bps cuts in 2026, which would take the fed funds rate to ~3.0%. Policymakers project just one cut next year and one in 2027. Wednesday’s cut brought the rate to 3.50%–3.75%.

• China has pledged a “proactive” fiscal policy for next year to boost consumption and investment, targeting ~5% economic growth. Strong fiscal support could ease concerns over the recent slowdown in most sectors except trade surplus–driven segments.

• Sources indicated good progress in the India–US trade talks, though an official statement is awaited.
– India’s exports to the U.S. fell ~9% YoY in October to $6.31 bn, though higher than September’s $5.47 bn.
– The U.S. continues to push India to reduce tariffs and allow greater access for U.S. farm products.
– USTR Jamieson Greer noted India remained cautious on farm/meat imports but was “forward leaning” in the latest discussions.

• As highlighted yesterday, a lower dollar index is positive for bullions and metals.
– Silver is up 6% at an all-time high.
– Gold is up 2.5%.
– Copper is trading at an all-time high, while Zinc and Aluminum remain in the green.
– The Dollar Index slid another 0.90%, positive for commodity-linked stocks such as Hindzinc, Hindcopper, Nalco, VEDL, Hindalco.

Important Pivot Point Levels for Today           

Nifty

Bank Nifty

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549