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Market Today: Nifty Slips from 26,200 as Indices End Flat

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Team SAHI

20 minutes ago
Nifty 26,177.15 ▲ +0.02%
Sensex 85,524.84 ▼ -0.01%
Bank Nifty 59,299.55 ▼ -0.05%

Market Today: Range-bound with caution: What’s next?

Markets ended a volatile session flat after failing to hold early gains as profit-taking set in. IT stocks dragged the indices, snapping a four-day winning streak. Market breadth stayed positive, with the NSE A/D ratio at 3:2.

Nifty’s rejection near 26,200–26,250 reinforces this zone as immediate resistance. Sensex faces supply near 85,750, while Bank Nifty remains range-bound. A decisive break on either side is needed to set the next directional move; until then, consolidation with a mild pullback may continue.

Key Levels to Watch | December 24, 2025

Index Support Resistance
Nifty 26,100 & 26,020 26,225 & 26,325
Bank Nifty 59,050 & 58,850 59,400 & 59,700
Sensex 85,320 & 85,050 85,750 & 86,050

Sector & Stock Moves: Where was the action?

IT emerged as the key laggard, with Coforge, Infosys, and Persistent Systems under pressure ahead of a key US GDP estimate. PSU Banks and Pharma also traded weak.

On the positive side, Energy, Metals, FMCG, and Financial Services outperformed. Coal India rose 3.66% for the fifth straight session. Ambuja and Orient gained on merger-related developments, even as ACC slipped.

Chola Finance rallied 5.91%, while Tata Motors PV edged higher on its EV roadmap announcement.

NIFTY50: Top Gainers

  • COALINDIA ▲ +3.66%
  • SHRIRAMFIN ▲ +2.45%
  • ULTRACEMCO ▲ +1.27%

NIFTY50: Top Losers

  • INFY ▼ -1.26%
  • BHARTIARTL ▼ -1.15%
  • ADANIPORTS ▼ -1.00%

Open Interest Insights

Heavy call writing is seen at 26,200 followed by 26,300, marking a strong resistance zone. Limited put additions at 26,000 keep the PCR-OI neutral at 1.1.

What does this mean? The data points to restricted upside, with cautious put positioning indicating range-bound to mildly cautious market behaviour.

Stocks on the Move

Stock % Gain / Loss What’s happening?
NLCINDIA +4.48% Inverse H&S breakout above 250 neckline with strong volumes
NMDC +3.83% Range breakout with volume and long OI build-up; resistance near 83.50
CUB +1.92% Sideways base breakout to a fresh all-time high
BSOFT +1.27% Weekly double bottom breakout above 452
CHENNPETRO -3.53% Weekly support breakdown below 888; downside risk toward 820–840

News You Can Use

  • Gold hits a fresh all-time high at $4,497.
  • Ambuja Cements approves the merger of ACC and Orient Cement; ~10% value accretion expected.
  • Aurobindo Pharma arm to acquire an additional 20% stake in Luoxin Aurovitas Pharma, China.
  • Belrise Industries promoter sells 6.56% equity via block deals.
  • Granules India approves raising up to ₹1,462.5 crore via convertible warrants.

Chart of the Day: NMDC (Weekly)

Pattern: Flag & Pole

Structure: Price consolidates in a tight, downward-sloping flag after a sharp pole move, indicating healthy pause within a strong trend.

Validation: A decisive breakout from the flag, backed by expanding volumes, confirms trend continuation.

Trading Insight: A classic continuation setup, where a clean breakout often triggers a sharp follow-through in the direction of the prior move.

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