Daily Morning Report – 5/12/25

NIFTY OUTLOOK: 26033.75 FII -1944.19 cr DII 3661.05 cr

As discussed yesterday, market behaviour remained on expected lines. Nifty continued its bearish sentiment and slipped to our breakdown level, making a day low of 25938, defended the same, and rallied up to 26098. On closing, it settled near our level of 26035 with a close of 26033.75.

A small bullish star candle on the daily chart indicates that bears have taken a pause and bulls have attempted to regain presence. If follow-through buying emerges, then on successfully taking out 26083, Nifty may rally towards 26127–26177. If demand accentuates further, it may also test 26221.

If bearish sentiment continues, then on a decisive breakdown below 25987, Nifty may slip towards 25940–25893. If supply accentuates, a test of 25847 is also possible.

BANK NIFTY OUTLOOK
SPOT: 59288.70 PCR: 1.10 Max CE OI: 60000 Max PE OI: 59000

On December 04, 2025, Bank Nifty closed at 59288.70 (-59.55 / -0.10%). The index moved 486.55 points during the session, making a high of 59548.70 and a low of 59062.15.

Technical View
Important support and resistance levels of Bank Nifty are 59012 and 60095.90 respectively.
Intraday support and resistance are placed at 59155 and 59422 respectively.
The Relative Strength Index (RSI) for Bank Nifty stands at 61.40; below 30 is oversold and above 70 is overbought.

Bank nifty Day SMA Analysis:

Bank nifty is trading above 6 out of 8 SMA’s (30, 50, 100, 150, 200 Day).

Bank nifty is trading below 2 out of 8 SMA’s. (5, 10 Day)

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

• Long Ledgged  Doji Uptrend

Macro:

1.Dollar index is @ 98.935

2.Vix is @ 15.93 ( -0.93 %)

3.Crude is @ 63.41

4.10 years bond yield is @ 4.103

Note: Russian President Vladimir Putin landed in New Delhi on Thursday, accompanied by senior ministers and a large Russian business delegation on a two-day visit as Moscow and New Delhi look to expand economic ties beyond energy and defence. Several important deals are expected to be discussed and may be signed across defence and other sectors.

Indian firms are expected to sign a deal with Russia’s Ultrachem Group, the country’s top potash and ammonium nitrate producer, to jointly set up a urea plant in Russia during Putin’s visit, according to three sources. The project, aimed at strengthening India’s long-term fertilizer security, will see India Potash Ltd and Rashtriya Chemicals and Fertilizers Ltd each holding a 22.5% stake in the joint venture.

New Delhi has been working to diversify and stabilise fertilizer supplies amid volatile global markets and rising geopolitical tensions. India imported 5.6 million metric tons of urea in FY24–25, down from the peak of 9.8 million tons in FY20–21, as domestic capacity expanded and sourcing patterns evolved. The planned Ultrachem deal, expected to be signed during the Russian President’s visit, will deepen India’s long-term fertilizer cooperation with Moscow even as Russian trade remains under Western sanctions.

Another important development is set to unfold next week. A U.S. trade delegation is expected to visit New Delhi for discussions, an Indian government source said on Thursday, as Prime Minister Narendra Modi’s government seeks a reduction in punitive tariffs imposed on Indian goods by President Donald Trump.

Conclusion: Next week will be very important as both Russian and American delegations visit India, and it remains to be seen how India balances relations with these major global powers.

Important Pivot Point Levels for Today           

Nifty

Bank Nifty

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549