Trading Plan: Can Nifty convincingly scale above 26,200, Bank Nifty surpass the 59,400 hurdle?
If the Nifty 50 gives a convincing close above 26,200, the levels of 26,325 (record high), followed by 26,500, cannot be ruled out. However, 26,000 is acting as the immediate key support, followed by 25,800.
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Overall, the trend remains positive despite consolidation, and closing above Tuesday’s high is crucial for further upside. Below are some short-term trading ideas to consider.
Trade setup for December 24: Top 15 things to know before the opening bell
The immediate hurdle is placed at 26,200, and sustaining above it is required for a sharp market run. Until then, consolidation may be seen in the Nifty 50, with immediate key support at 26,000.
Technical View: Bulls hold fort despite consolidation; 26,200 key for further upside in Nifty; India VIX at fresh closing low
The India VIX hit a fresh record closing low of 9.38, down 3.07 percent, offering reassurance to the prevailing bullish sentiment. So far this month, the VIX has fallen 19.28 percent.
Trading Plan: Will Nifty 50, Bank Nifty extend their upward journey for a third consecutive session?
The positive trend is expected to continue despite any intermittent consolidation, with the Nifty 50 immediately eyeing 26,200, followed by 26,326 (record high) as a key resistance zone, while key support is placed at the 26,000 mark.
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The market may see some consolidation with a positive bias. Below are some short-term trading ideas to consider.
Trade setup for December 23: Top 15 things to know before the opening bell
If the Nifty 50 reclaims and sustains above 26,200, a move toward the record high of 26,326 cannot be ruled out in the upcoming sessions. The immediate and crucial support is placed at the 26,000 zone, according to experts.
Technical View: Momentum seems back for Santa rally, may drive Nifty 50 toward record high; Bank Nifty breaks above resistance trendline
Weekly options data suggested immediate resistance for the Nifty 50 at the 26,200–26,300 zone, with support seen in the 26,100–26,000 range.
Trading Plan: Will Nifty 50 reclaim 26,100, Bank Nifty march toward 59,500?
The immediate resistance for the Nifty 50 is expected to be in the 26,050–26,100 range, as a convincing move above this zone could open the door for a rally toward record highs, with 25,800–25,700 acting as crucial support.
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The market is expected to witness a further uptrend, provided it defends short-term moving averages. Below are some short-term trading ideas to consider.
Trade setup for December 22: Top 15 things to know before the opening bell
Hence, if the Nifty 50 maintains its upward journey and sustains above the 26,000 zone, the 26,200–26,300 levels will be crucial to watch in the upcoming sessions. However, the 25,800–25,700 zone is expected to act as a key support, according to experts.
Chartist Talk | Sudeep Shah bullish on 6 stocks, stays bearish on TMPV next week
From a technical standpoint, the prevailing chart structure of both sectors - banking and IT - suggests that they are well-positioned to continue providing support to the frontline indices, making them the likely drivers of any near-term rally, Sudeep Shah said.
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Technical View: Nifty needs decisive rise above 26,000 for strong momentum; VIX extends decline to fourth week, hits new record low
Weekly options data suggest that the Nifty 50 is expected to face a hurdle in the 26,000–26,200 zone, with support at the 25,900–25,800 levels.
Trading Plan: Will Nifty 50 snap four-day losing streak, Bank Nifty reclaim 20-DEMA amid range-bound trading?
The Nifty 50 is expected to remain in the 25,700 (support) and 25,900–26,000 (resistance) range, as a decisive break on either side could provide directional clarity.
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The market may attempt a bounce back after a four-day losing streak, but sustainability will be key to watch. Below are some short-term trading ideas to consider.
Trade setup for December 19: Top 15 things to know before the opening bells
If the Nifty 50 rebounds, the 25,900–26,000 zone can act as a hurdle on the upside; however, a decisive fall below 25,750–25,700 could open the door to the 25,500–25,450 zone, experts said.
Technical View: Weak Nifty structure below 50-DEMA may aid bears; Bank Nifty defends 58,800, VIX at fresh lows
India VIX, the fear index, hit a fresh closing low of 9.7, down 1.32 percent and continuing its downtrend for the third consecutive session. This provides strong comfort to bulls but, at the same time, indicates the possibility of sharp market moves.
Trading Plan: Can Nifty defend 50 DEMA, Bank Nifty take support at Wednesday’s low?
If the Bank Nifty convincingly breaks 58,800, 58,600–58,500 will be the levels to watch, followed by 58,300. On the higher side, 59,550 can negate the lower high–lower low structure, experts said.
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The market may continue to consolidate until it trades above short-term moving averages. Below are some short-term trading ideas to consider.
Trade setup for December 18: Top 15 things to know before the opening bells
The 25,750–25,700 is expected to be the immediate key support for the Nifty 50; a fall below this zone could drive the index toward 25,500, the crucial support. On the higher side, 25,950–26,050 is expected to be the resistance zone, and sustaining above it could open the door for 26,300, experts said.
Technical View: Nifty 50, Bank Nifty falling below previous week's low can open bear attack, India VIX at all-time closing low
Weekly options data indicated that the Nifty 50 could trade in the 25,500–26,000 range in the short term.
Trading Plan: Can Nifty 50 hold above 25,800, Bank Nifty defend 58,800 amid consolidation?
If the Nifty 50 fails to defend 25,800 (immediate support), 25,700 is the level to watch. However, on the higher side, 26,050–26,100 is expected to act as a hurdle.
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The market may remain range-bound, with support at the previous week’s low. Below are some short-term trading ideas to consider.
