Daily Morning Report – 16/12/25

NIFTY OUTLOOK: 26027.30 FII -1468.32 cr DII 1792.25 cr

As discussed yesterday, market behaviour remained on the expected lines during the day. Nifty opened at 25930, near our level of 25945, slipped from there up to 25905 (i.e. near our support of 25893). Buyers then advanced prices to a day high of 26047 and finally closed at 26027.

Further, another bullish candle appeared with its closing price very close to the previous candle’s close, but it failed to make a new higher high compared to the previous candle. This suggests buyers failed to break immediate resistance and buying pressure is diminishing. Hence, if bears aggravate, then on a decisive breakdown of 25977, Nifty may slip to 25930–25880. If more supply accentuates, it may test 25830.

However, this candle also indicates that bulls have made an effort for a comeback. If bulls take control, then on a decisive breakout above 26077, Nifty may rally to 26126–26175. If demand further accentuates, it may test 26223.

Bank Nifty OUTLOOK:
SPOT: 59461.80 PCR: 0.93
Max CE OI: 59500 Max PE OI: 59500

On 15th December 2025, Bank Nifty closed at 59461.80 (+71.85) (+0.12%). The total movement during the session was 480.70 points. The index made a high of 59533.00 and a low of 59052.30.

Technical view
Important support and resistance levels for Bank Nifty are 59150 and 59900 respectively.
Intraday support and resistance levels are 59330 and 59594 respectively.
The RSI for Bank Nifty is at 59.2. Below 30 is considered oversold and above 70 overbought.

Bank nifty Day SMA Analysis:

Bank nifty is trading above 8 out of 8 SMA’s (5, 10, 20, 30, 50, 100, 150, 200 Day).

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

• Engulfing Uptrend
• Long Line Uptrend

Macro:

1.Dollar index is @ 97.90

2.Vix is @ 16.50 (+4.83)

3.Brent crude is @ 60.18 (-0.38%)

4.US 10 years bond yield

Note: The most important and closely watched event from today is the Bank of Japan (BoJ) policy meeting. The BoJ is set to raise interest rates to a three-decade high and signal further hikes, despite headwinds from U.S. tariffs and the inauguration of a dovish prime minister. While rates will remain low by global standards, this marks another major step toward policy normalisation under Governor Kazuo Ueda.

India’s merchandise trade deficit declined to a five-month low of $24.53 billion in November, driven by lower gold, oil, and coal imports, while exports to the U.S. improved. Economists had expected a deficit of $32 billion, compared to a record $41.68 billion in the previous month.

Prime Minister Modi spoke with U.S. President Donald Trump last week. While India is seeking relief on key export lines, the U.S. is pressing for lower tariffs and reduced non-tariff barriers, including greater access for American farm products.

Government data also showed November services exports at $35.86 billion and imports at $17.96 billion, indicating a services trade surplus of $17.9 billion.

Important Pivot Point Levels for Today           

Nifty

Bank Nifty

By Ashok Bhandari (RA)S

EBI Regd. No. INH00019549