Daily Morning Report – 9/12/25

NIFTY OUTLOOK: 25960.55 FII -655.59 cr DII 2542.49 cr

As discussed yesterday, market behaviour remained on the expected lines during the day, as on the breakdown of 26138 extreme selling pressure dragged Nifty down to 25892.25.

A long bearish candle appeared on the daily chart of Nifty, indicating that the imminent sentiment is bearish. Hence, if Nifty decisively breaks below 25909, it may slip further to 25857–25807. If supply accelerates, it may test 25755.

For the upside, 26013–26063 may act as immediate resistance. A breakout and sustained move above these levels may push Nifty towards 26114–26165.

Bank Nifty OUTLOOK

SPOT: 59238.55 PCR: 0.87 Max CE OI: 60000 Max PE OI: 59500

On 08th December 2025, Bank Nifty closed at 59238.55 (-538.65) (-0.09%).
The total intraday movement was 682.55 points, with a high of 59713.15 and a low of 59030.60.

Technical View
• Key support and resistance levels are 59120 and 60105 respectively
• Intraday support and resistance are 59051 and 59426 respectively
• RSI stands at 57.0 (below 30 oversold, above 70 overbought)

Bank nifty Day SMA Analysis:

Bank nifty is trading above 6 out of 8 SMA’s (20, 30, 50, 100, 150, 200 Day).

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

No candlestick Pattern was identified in bank nifty on daily chart.

Macro:

1.Dollar index is @ 99.035

2.Vix is @ 16.79

3.Brent crude is @ 62.46

4.U.S. 10 years bond yield is @ 4.171

Note

US markets and global indices are trading negative ahead of this week’s Federal Reserve meeting, which is widely expected to deliver an interest rate cut. FED governors’ commentary will be more important than the rate cut itself.

As far as India is concerned, we witnessed the worst market breadth since October 2008—worse than Covid. Market breadth was 1:8 (for every 1 advancer, 8 stocks declined); during Covid it was 1:7.5. Mid-caps and small-caps took the biggest hit.

Deputy U.S. Trade Representative Rick Switzer will visit India on December 10–11, as New Delhi seeks to reduce punitive tariffs imposed on its goods by Washington following India’s purchase of Russian oil. Officials stated that both governments remain engaged to conclude a fair, balanced, and mutually beneficial multi-sectoral trade agreement.

As we have been analysing, the 25% tariff imposed earlier may be reduced, and further discussions will follow. If the 25% tariff is reduced, broader markets may start performing again.

Conclusion

We may see the tariff getting reduced to 25%, with further talks continuing, and final settlement likely in the range of 16–18%.

Important Pivot Point Levels for Today           

Nifty

Bank Nifty

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549