Daily Morning Report – 31/12/25

NIFTY OUTLOOK: 25938.85 FII -3844.02 cr DII 6159.81 cr

As discussed yesterday, market behaviour remained on expected lines during the day. Respecting its bearish trend, Nifty tested the support of 25900, and in the last half-hour trading session, Nifty bounced and made a day high of 25976.75, i.e., it respected our resistance of 25985. Thus, after respecting both sides of our levels, it closed near the previous close at 25938.85.

Further, a bearish Doji candle appeared on the daily chart of Nifty, suggesting indecision regarding the direction of Nifty, but the imminent trend remains bearish. Hence, if bears take the lead, a decisive breakdown of 25900 may lead Nifty to slip further to 25860–25818. If supply intensifies further, it may have a chance to test 25777.

Furthermore, Nifty respected the opening bullish gap formed on 19th December 25, suggesting support for bulls. Hence, if Nifty succeeds in defending this gap, we may see a rally up to 26021–26059 on a successful break above 25980. If demand intensifies further, it may have a chance to test 26100.

Bank Nifty OUTLOOK:
Spot: 59171.25 PCR: 1.00 Max CE OI: 59500 Max PE OI: 59500

On 30th December 2025, the Bank Nifty index closed at 59171.25 (+238.90, +0.41%). The total movement in the index was 535.10 during the trading session. The index made a high of 59272.70 and a low of 58737.60.

Technical View:
Important support and resistance levels of Bank Nifty are 58865 and 59305, respectively.
Intraday support and resistance levels are 59024 and 59318, respectively.
The Relative Strength Index (RSI) for the Nifty Bank index is at 53.3. Below 30 is considered oversold and above 70 overbought.

Bank nifty Day SMA Analysis:

Bank nifty is trading above 6 out of 8 SMA’s (5, 10, 50, 100, 150, 200 Day).

Bank nifty is trading below 2 out of 8 SMA’s (20, 30  Day).

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

• Engulfing Uptrend

Important Pivot Point Levels for Today           

Nifty

Bank Nifty

By Ashok Bhandari (RA)

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