NIFTY SMLCAP 250

The Nifty 50 maintained its upward journey and rallied nearly 0.6 percent for the second consecutive session on December 12. With Friday's rally, the index closed well above the short-term moving averages as well as the midline of the Bollinger Bands (all of which coincide with the 25,950–26,000 zone), signalling strength in the market. In addition, the India VIX falling to a two-month low also boosted confidence among bulls, though the Bank Nifty is yet to pick up momentum.

According to experts, if the Nifty 50 sustains above the psychological 26,000 zone, 26,200 and then the record high above 26,300 cannot be ruled out in the coming week. However, the 25,900–25,800 zone is expected to act as an immediate support.

The Nifty 50 opened higher and maintained its upward trajectory throughout the session, rising 148 points (0.57 percent) to close at 26,047 and forming a bullish candle on the daily charts. The momentum indicator RSI also inched higher to 54.4, though still slightly below the reference line, and the Stochastic RSI turned bullish.

The MACD inclined marginally but remained below the reference line, while the bearish momentum continued to fade in the histogram, though it is still below the zero line.

The immediate resistance of the down-sloping trendline is now placed at the edge of a decisive breakout, which is a positive indication. The larger-degree positive chart pattern of higher tops and bottoms remains intact.

The recent swing low of around 25,693 can be considered a new higher bottom of the pattern, said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

Nifty fell 0.53 percent for the week, extending its weakness for another week. The index formed a small bear candle with a long lower shadow on the weekly chart. A similar candle pattern has formed over the last two weeks, signalling the emergence of sharp buying in the market near immediate supports.

According to Nagaraj, the underlying trend of the Nifty continues to be positive. “The next upside levels to watch are around 26,300–26,400. Immediate support is placed at 25,900,” he said.

Weekly options data indicated that the Nifty 50 is expected to face resistance at 26,300–26,500 in the short term, with support at the 25,900–25,800 levels.

The maximum Call open interest was observed at the 26,500 strike, followed by the 26,200 and 26,300 strikes, with maximum Call writing at the 26,050, 26,300, and 26,500 strikes. On the Put side, the 26,000 strike holds the maximum open interest, followed by the 25,800 and 25,900 strikes, with maximum Put writing at the 26,000, 25,950, and 25,900 strikes.

<strong>Bank Nifty</strong>

The Bank Nifty also gained for another session, climbing 180 points (0.3 percent) to 59,390, but it could not close above the 59,400–59,500 zone, which remains a crucial level for a further upward move.

The index sustained above all key moving averages but formed a Doji candlestick pattern on the daily timeframe, indicating indecision among bulls and bears. The RSI also climbed to 58.21 but still remained below the reference line, while the Stochastic RSI showed a bullish breakout. The MACD maintained its bearish crossover, though weakness in the histogram faded slightly.

Overall, the banking index has been consolidating within the 59,440–58,800 band for the last three trading sessions. Although it attempted an intraday breakout above this range on Friday, it failed to sustain and closed back inside the range, suggesting the need for stronger conviction before a directional move emerges.

“The zone of 59,400–59,500 is likely to act as an immediate resistance area for the index. A sustained move above 59,500 could lead to Bank Nifty extending its pullback towards 59,800, followed by 60,100,” said Sudeep Shah, Head – Technical and Derivatives Research at SBI Securities.

On the downside, the 58,900–58,800 zone is likely to act as strong support for the index, he added.

Meanwhile, the India VIX, also known as the fear gauge, dropped further to 10.11 — the lowest closing level since October 10 — down 2.81 percent, providing strong comfort for bulls. On a weekly basis, it has been falling for the third consecutive week, down 2.01 percent.

<em>Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.</em>

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Technical View: Nifty’s path to new highs hinges on 26,000 support as VIX hits 2-month low; Bank Nifty’s next leg depends on holding 59,500

The Nifty 50 maintained its upward journey and rallied nearly 0.6 percent for the second consecutive session on December 12. With Friday's rally, the index closed well above the short-term moving averages as well as the midline of the Bollinger Bands (all of which coincide with the 25,950–26,000 zone), signalling strength in the market. In addition, the India VIX falling to a two-month low also boosted confidence among bulls, though the Bank Nifty is yet to pick up momentum.

According to experts, if the Nifty 50 sustains above the psychological 26,000 zone, 26,200 and then the record high above 26,300 cannot be ruled out in the coming week. However, the 25,900–25,800 zone is expected to act as an immediate support.

The Nifty 50 opened higher and maintained its upward trajectory throughout the session, rising 148 points (0.57 percent) to close at 26,047 and forming a bullish candle on the daily charts. The momentum indicator RSI also inched higher to 54.4, though still slightly below the reference line, and the Stochastic RSI turned bullish.

The MACD inclined marginally but remained below the reference line, while the bearish momentum continued to fade in the histogram, though it is still below the zero line.

The immediate resistance of the down-sloping trendline is now placed at the edge of a decisive breakout, which is a positive indication. The larger-degree positive chart pattern of higher tops and bottoms remains intact.

The recent swing low of around 25,693 can be considered a new higher bottom of the pattern, said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

Nifty fell 0.53 percent for the week, extending its weakness for another week. The index formed a small bear candle with a long lower shadow on the weekly chart. A similar candle pattern has formed over the last two weeks, signalling the emergence of sharp buying in the market near immediate supports.

According to Nagaraj, the underlying trend of the Nifty continues to be positive. “The next upside levels to watch are around 26,300–26,400. Immediate support is placed at 25,900,” he said.

Weekly options data indicated that the Nifty 50 is expected to face resistance at 26,300–26,500 in the short term, with support at the 25,900–25,800 levels.

The maximum Call open interest was observed at the 26,500 strike, followed by the 26,200 and 26,300 strikes, with maximum Call writing at the 26,050, 26,300, and 26,500 strikes. On the Put side, the 26,000 strike holds the maximum open interest, followed by the 25,800 and 25,900 strikes, with maximum Put writing at the 26,000, 25,950, and 25,900 strikes.

Bank Nifty

The Bank Nifty also gained for another session, climbing 180 points (0.3 percent) to 59,390, but it could not close above the 59,400–59,500 zone, which remains a crucial level for a further upward move.

The index sustained above all key moving averages but formed a Doji candlestick pattern on the daily timeframe, indicating indecision among bulls and bears. The RSI also climbed to 58.21 but still remained below the reference line, while the Stochastic RSI showed a bullish breakout. The MACD maintained its bearish crossover, though weakness in the histogram faded slightly.

Overall, the banking index has been consolidating within the 59,440–58,800 band for the last three trading sessions. Although it attempted an intraday breakout above this range on Friday, it failed to sustain and closed back inside the range, suggesting the need for stronger conviction before a directional move emerges.

“The zone of 59,400–59,500 is likely to act as an immediate resistance area for the index. A sustained move above 59,500 could lead to Bank Nifty extending its pullback towards 59,800, followed by 60,100,” said Sudeep Shah, Head – Technical and Derivatives Research at SBI Securities.

On the downside, the 58,900–58,800 zone is likely to act as strong support for the index, he added.

Meanwhile, the India VIX, also known as the fear gauge, dropped further to 10.11 — the lowest closing level since October 10 — down 2.81 percent, providing strong comfort for bulls. On a weekly basis, it has been falling for the third consecutive week, down 2.01 percent.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Live: Nifty extends gain to the second straight day but sees another weekly loss | Closing Bell

The equity benchmark indices gave up early gains on Friday amid profit booking at higher levels. The persistent foreign fund outflows and weakness in the rupee also weighed on investor sentiment.

In early trade, the Sensex rose 464.63 points or 0.54 percent to touch the day’s high of 85,282.76. The Nifty advanced 139.85 points or 0.53 percent to 26,038.40. However, both indices later retreated from these levels.

At around 11:15 a.m., the Sensex was at 85,118.13, while Nifty was at 25,995.05.

<a href="https://www.moneycontrol.com/india/stockpricequote/personal-care/hindustanunilever/HU" target="_blank">Hindustan Unilever</a>, Asian Paints and ITC were among the major laggards in the Nifty50 pack, declining up to 2 percent, while <a href="https://www.moneycontrol.com/india/stockpricequote/ironsteel/tatasteel/TIS" target="_blank">Tata Steel</a> and Hindalco Industries were among the top gainers, rising up to 3 percent.
<h3><span style="text-decoration: underline;"><strong>Key factors behind market slide from day's high</strong></span></h3>
<strong>1) Profit booking: </strong>Investors booked profits at higher levels after the markets extended their run in early trade after the previous session’s rally. On Thursday, the Sensex had gained 426.86 points or 0.51 percent to settle at 84,818.13, while the Nifty rose 140.55 points or 0.55 percent to close at 25,898.55. FMCG, IT and PSU bank stocks were among the major sectoral laggards, slipping up to 0.53 percent.

<strong>2) FII selling: </strong>Foreign Institutional Investors (FIIs) continued their selling streak, offloading equities worth Rs 2,020.94 crore on Thursday. This marked the 11th consecutive session of net selling.
<h3><strong><a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-strong-opening-asia-trades-higher-us-mixed-liveblog-13722087.html" target="_blank">Stock Market LIVE Updates</a></strong></h3>
<strong>3) Weak rupee: </strong>The rupee fell to a fresh record low amid a stronger US dollar and persistent foreign outflows. The local currency touched 90.56 against the dollar, breaching its earlier all-time low of 90.46 hit on Wednesday. It was last quoted at 90.46, down 0.1 percent for the day.
<h3><a href="https://www.moneycontrol.com/news/business/rupee-hits-fresh-record-low-of-90-55-against-us-dollar-13722448.html" target="_blank">Rupee hits fresh record low of 90.56 against US Dollar</a></h3>
<h3><span style="text-decoration: underline;"><strong>Technical view</strong></span></h3>
According to Anand James, Chief Market Strategist at Geojit Financial Services, the Nifty’s rise from the 25,690 zone on Wednesday met resistance near 25,900, keeping uncertainty intact over a sustained upside. He said the index may face hurdles near 26,190, and a failure to move above 25,977 or a slip below 25,854 could signal weakening momentum.

<em><strong>Disclaimer:</strong> The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

A financial journalist with over 10 years of experience, specialising in tracking stock market movements and fundamental developments that impact investors and the broader economy. A keen observer of global financial markets, I regularly engage with leading market voices to write stories. At Moneycontrol, I focus on decoding market trends, policy shifts and economic changes, driven by a constant passion to learn, analyse, and share knowledge with my readers.

Sensex drops over 150 pts from day's high, Nifty below 26,000: 3 key reasons behind market pullback

The equity benchmark indices gave up early gains on Friday amid profit booking at higher levels. The persistent foreign fund outflows and weakness in the rupee also weighed on investor sentiment.

In early trade, the Sensex rose 464.63 points or 0.54 percent to touch the day’s high of 85,282.76. The Nifty advanced 139.85 points or 0.53 percent to 26,038.40. However, both indices later retreated from these levels.

At around 11:15 a.m., the Sensex was at 85,118.13, while Nifty was at 25,995.05.

Hindustan Unilever, Asian Paints and ITC were among the major laggards in the Nifty50 pack, declining up to 2 percent, while Tata Steel and Hindalco Industries were among the top gainers, rising up to 3 percent.
Key factors behind market slide from day's high
1) Profit booking: Investors booked profits at higher levels after the markets extended their run in early trade after the previous session’s rally. On Thursday, the Sensex had gained 426.86 points or 0.51 percent to settle at 84,818.13, while the Nifty rose 140.55 points or 0.55 percent to close at 25,898.55. FMCG, IT and PSU bank stocks were among the major sectoral laggards, slipping up to 0.53 percent.

2) FII selling: Foreign Institutional Investors (FIIs) continued their selling streak, offloading equities worth Rs 2,020.94 crore on Thursday. This marked the 11th consecutive session of net selling.
Stock Market LIVE Updates
3) Weak rupee: The rupee fell to a fresh record low amid a stronger US dollar and persistent foreign outflows. The local currency touched 90.56 against the dollar, breaching its earlier all-time low of 90.46 hit on Wednesday. It was last quoted at 90.46, down 0.1 percent for the day.
Rupee hits fresh record low of 90.56 against US Dollar
Technical view
According to Anand James, Chief Market Strategist at Geojit Financial Services, the Nifty’s rise from the 25,690 zone on Wednesday met resistance near 25,900, keeping uncertainty intact over a sustained upside. He said the index may face hurdles near 26,190, and a failure to move above 25,977 or a slip below 25,854 could signal weakening momentum.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

The equity benchmarks traded higher on Friday, extending gains from the previous session, supported by firm global cues and improved risk sentiment after the US Federal Reserve cut interest rates.

The Sensex settled 449.52 points or 0.53 percent at 85,267.66, while the broader Nifty advanced to 26,046.95, up 148.40 points or 0.57 percent.

<a href="https://www.moneycontrol.com/india/stockpricequote/ironsteel/hindalcoindustries/HI">Hindalco Industries</a>, Larsen &amp; Toubro and Tata Steel were among the top gainers in the Nifty50 pack, rising up to 2 percent, while <a href="https://www.moneycontrol.com/india/stockpricequote/personal-care/hindustanunilever/HU">Hindustan Unilever</a> and Infosys were among the major laggards, declining up to 2 percent. Market breadth remained positive as about 2324 shares advanced, 1002 shares declined and 145 shares remained unchanged.
<h3><span style="text-decoration: underline;"><strong>Key factors behind market rise</strong></span></h3>
<strong>1) Positive global cues: </strong>Asian indices, including South Korea’s Kospi, Japan’s Nikkei 225 and Hong Kong’s Hang Seng, traded in the green. US markets also ended mostly higher overnight, providing support to domestic equities.

<strong>2) Modi–Trump talks: </strong>Prime Minister Narendra Modi on Thursday said he spoke with US President Donald Trump, adding that they reviewed progress in bilateral ties and discussed regional and international issues. The interaction, described as "warm and engaging", came amid ongoing trade concerns and offered some reassurance to investors tracking developments on that front.
<h3><strong><a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-strong-opening-asia-trades-higher-us-mixed-liveblog-13722087.html" target="_blank">Stock Market LIVE Updates</a></strong></h3>
<strong>3) Volatility index eases: </strong>India’s volatility index declined 2.5 percent to 10.14. A lower VIX typically signals reduced market uncertainty, often encouraging traders to take on more risk and aiding overall sentiment.
<h3><strong><span style="text-decoration: underline;">Technical view</span></strong></h3>
Anand James, Chief Market Strategist at Geojit Investments, said, “While the swing higher yesterday from the 25,690 vicinity was on anticipated lines, the pause on approach to 25,900 has retained some doubts on whether we have got back on to a strong upside trajectory again. We will begin the day with expectations of 26,190. Inability to push beyond and float above 25,977, or a direct fall back below 25,854, could signal loss in upside momentum.”

<em><strong>Disclaimer:</strong> The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

Sensex settles 450 pts higher, Nifty ends near 26,050: Positive global cues among key factors behind market rise

Stock Market Today: Sensex gains 400 pts, Nifty reclaims 26,000 - Positive global cues among key factors behind market rise 

The equity benchmarks traded higher on Friday, extending gains from the previous session, supported by firm global cues and improved risk sentiment after the US Federal Reserve cut interest rates.

The Sensex settled 449.52 points or 0.53 percent at 85,267.66, while the broader Nifty advanced to 26,046.95, up 148.40 points or 0.57 percent.

Hindalco Industries, Larsen &amp;amp; Toubro and Tata Steel were among the top gainers in the Nifty50 pack, rising up to 2 percent, while Hindustan Unilever and Infosys were among the major laggards, declining up to 2 percent. Market breadth remained positive as about 2324 shares advanced, 1002 shares declined and 145 shares remained unchanged.
Key factors behind market rise
1) Positive global cues: Asian indices, including South Korea’s Kospi, Japan’s Nikkei 225 and Hong Kong’s Hang Seng, traded in the green. US markets also ended mostly higher overnight, providing support to domestic equities.

2) Modi–Trump talks: Prime Minister Narendra Modi on Thursday said he spoke with US President Donald Trump, adding that they reviewed progress in bilateral ties and discussed regional and international issues. The interaction, described as &quot;warm and engaging&quot;, came amid ongoing trade concerns and offered some reassurance to investors tracking developments on that front.
Stock Market LIVE Updates
3) Volatility index eases: India’s volatility index declined 2.5 percent to 10.14. A lower VIX typically signals reduced market uncertainty, often encouraging traders to take on more risk and aiding overall sentiment.
Technical view
Anand James, Chief Market Strategist at Geojit Investments, said, “While the swing higher yesterday from the 25,690 vicinity was on anticipated lines, the pause on approach to 25,900 has retained some doubts on whether we have got back on to a strong upside trajectory again. We will begin the day with expectations of 26,190. Inability to push beyond and float above 25,977, or a direct fall back below 25,854, could signal loss in upside momentum.”

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Live: Can Nifty extend gains and reclaim 26,000? | Opening Bell

<b>5</b> out of <b>7</b> years <b>NIFTY SMLCAP 250</b> has given positive returns in <b>December</b>.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	16,326.95	16,392.55	16,509.40	16,210.10	16,144.50	16,027.65	15,962.05
Fibonacci	16,279.80	16,322.85	16,392.55	16,210.10	16,140.40	16,097.35	16,027.65
Camarilla	16,278.07	16,294.80	16,311.52	16,210.10	16,244.63	16,227.90	16,211.18

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