Daily Morning Report – 19/12/25

NIFTY OUTLOOK: 25815.55  FII 595.78 cr  DII 2700.36 cr

As discussed yesterday, market behaviour remained on the expected lines during the day. Continuing its downtrend, the Nifty opened near our level of 25770 (opened at 25764), slipped to our support of 25723 (day low of 25726.30), and bounced from there to 25902 (near our resistance of 25915). After respecting both sides of our levels, it closed near the previous close at 25815.55.

Further, a bullish candle with an upper shadow appeared on the daily chart of the Nifty, suggesting selling pressure on every rise. The Nifty is near its multiple support zone, and repeated testing may weaken support. Hence, if the Nifty decisively breaks below 25767, it may continue its southward journey towards 25721–25673. If supply intensifies, it may test 25627.

Furthermore, the Nifty has been oscillating in a range of 25718–26104 and is currently hovering near the lower end of this range. Any upside move, if the Nifty manages to respect the lower end of the range, may face immediate resistance at 25863–25910. A sustained breakout above these levels may push the Nifty towards 25963–26010.

Bank Nifty OUTLOOK:
SPOT: 58912.85  PCR: 0.69  Max CE OI at 59500 & Max PE OI at 59000

On December 18, 2025, the Bank Nifty index closed at 58912.85 (-13.90) (-0.02%). The total movement during the session was 498.30 points. The index made a high of 59211.00 and a low of 58712.70.

Technical view
Important support and resistance levels for Bank Nifty are 58800 and 59650, respectively.
Intraday support and resistance levels are 58776 and 59050, respectively.
The Relative Strength Index (RSI) for Bank Nifty stands at 49.6. Below 30 is considered oversold and above 70 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, 40 Day).

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

• Inverted Hammer

Macro:

1.Dollar index is @ 98.132

2. Vix is @ 16.87 ( -4.26%)

3. Brent crude is @ 59.62

4. US 10 years bond yield is @ 4.128

Note:
U.S. consumer prices rose less than expected in the year to November, but households continue to face affordability challenges as costs of basic goods and services such as beef and electricity surged, posing a political challenge for President Donald Trump. The moderation in CPI, reported by the Bureau of Labor Statistics, was partly attributed to the 43-day federal government shutdown, which delayed data collection into the latter half of November when retailers were offering holiday discounts.

The most awaited event of the week is the BOJ policy review. While a rate hike is already priced in, the commentary by the BOJ Governor will be the most closely watched event.

Conclusion: A hawkish comment by the BOJ Governor may trigger some sell-off in global as well as Indian equities.

Important Pivot Point Levels for Today           

Nifty

Bank Nifty

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549