Daily Morning Report – 8/12/25

Date 08.12.2025
NIFTY OUTLOOK: 26186.45 FII -438.90 cr DII 4189.17 cr
(8th – 12th December 2025)

As discussed in the previous report dated 1st December 2025, market behaviour remained on the expected lines during the week as Nifty lost control at our resistance of 26323 (made a weekly high of 26325.8). Sellers struck again and dragged Nifty down to 25891.

A bearish candle with a longer lower shadow, formed after a dragonfly doji on the weekly chart, indicates a range-bound phase with resistance at higher levels. It also suggests that selling pressure in the last two weeks was countered by buying interest. Hence, if buyers successfully take out the resistance of 26310, bulls may lead Nifty towards 26423 to 26541. If demand accelerates further, it may attempt to test 26660.

The candle structure also highlights a tug of war between buyers and sellers at higher levels as sellers are unwilling to give up. Any fresh selling attempt may find support around 25950 to 25831. A breakdown and sustained trade below these supports may drift Nifty towards 25731. An imminent support near 25068 may emerge in the broader move between 26186.45 and 25950.

Bank Nifty OUTLOOK

SPOT: 59777.20 PCR: 1.04 Max CE OI: 60000 Max PE OI: 59500

On 5th December 2025, Bank Nifty closed at 59777.20 (+488.50) (0.82%). The total intraday movement was 700.05 points, with a high of 59806.60 and a low of 59106.55.

Technical View
• Key support and resistance levels are 59450 and 60105 respectively
• Intraday support and resistance are 59584 and 59969 respectively
• RSI stands at 67.20 (below 30 oversold, above 70 overbought)

Bank nifty Day SMA Analysis:

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

Bank nifty is trading below 0 out of 8 SMA’s.

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

• Belt Hold Uptrend

Macro:

1.Dollar index is @ 98.97

2.Vix is @ 15.14 (+2.34 % )

3.Brent crude is @ 63.75

4.U.S. 10 years bond yield is @ 4.139

Note

The Russian President visited India for the first time since the Special Military Operation began in Ukraine. President Vladimir Putin offered India uninterrupted fuel supplies on Friday, drawing a cautious response even as he and Prime Minister Narendra Modi agreed to expand trade and defence ties.

Multiple agreements were signed to set up a joint-venture fertiliser plant in Russia and boost cooperation in agriculture, healthcare, and shipping. The Indian government, however, remains cautious as US counterparts will be visiting India from 10th December. India’s balancing act between both superpowers will be closely watched.

Conclusion

We need to be very cautious and closely monitor developments related to the US–India trade deal, which may prove to be a decisive trigger for the markets. In anticipation of the deal, CNX Mid-Cap is showing signs of reversal from the multiple support zone of 59953 (CMP 60552), along with a positive RSI divergence on hourly charts. (Confirmation will come only when divergence appears on daily charts, but this may be an early sign of reversal for traders anticipating the outcome.)

We expect the trade deal to be finalised in December, with tariffs of 15–17% likely. If that materialises, Mid-cap and Small-cap indices may witness a renewed rally and the market may start broadening out. (At present only index management is visible.)

Important Pivot Point Levels for Today           

Nifty

Bank Nifty

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549