Market Today: Nifty Slips for Third Day, Key Levels in Focus

🚨Nifty extends losing streak to 25.8K, Silver at record highs; PSU Banks in focus; Stock movers & more inside!

Team SAHI

1 week ago•5 min read

Nifty 50 25,818.55 ▼ -0.16%

Sensex 84,559.65 ▼ -0.14%

Bank Nifty 58,926.75 ▼ -0.18%

Market Today: A 3rd Straight Slip, What’s Next?

Wednesday marked the third consecutive session of losses. Nifty slipped below 25,850, dragged by heavyweights like M&M and L&T, while broader markets underperformed with market breadth tilted clearly towards declines.

Nifty tested its 50 EMA near 25,765, a zone that could either provide stability or crack under pressure. Bank Nifty continues to find support near 58,800, while Sensex is inching closer to its 50 EMA at 84,240. The overall bias remains range-bound to mildly bearish.

Key Levels to Watch: December 18, 2025

Index	Support	Resistance
Nifty	25,765 & 25,680	25,880 & 26,000
Bank Nifty	58,800 & 58,650	59,150 & 59,400
Sensex	84,400 & 84,220	84,950 & 85,280

Sector & Stock Moves: Where Was the Action?

On the sectoral front, PSU Banks outperformed, with the index up 1.3%. IT, Metals, and Pharma showed mild resilience, while Media, Realty, Financial Services, and FMCG remained under pressure.

Stock-specific action kept the session engaging. Meesho hit a 20% upper circuit after UBS initiated coverage with a Buy call, while Indian Overseas Bank slid 6.21% on news of a Government stake sale.

Akzo Nobel fell 13.56% following a large Block deal, Ola Electric declined 4.58% after Promoter selling, and Hind Zinc gained 1.87% in line with strong silver prices.

Nifty 50: Movers

Top Gainers	Change
SHRIRAMFIN	+1.86%
SBIN	+1.53%
HINDALCO	+1.39%

Top Losers	Change
MAXHEALTH	-3.90%
APOLLOHOSP	-1.84%
TRENT	-1.55%

Open Interest Insight

Call writers continue to hold heavy positions at 25,900 (53.37L) and 26,000 (57.3L), highlighting a strong overhead supply zone. On the put side, only marginal additions are visible at 25,700 (15.66L) and 25,500 (17.78L). The PCR-OI is at 0.6.

What does this mean? Range-bound to mildly bearish bias, with Bears retaining control unless we see call unwinding or aggressive put writing.

Stocks on the Move

Stock	% Gain / Loss	What’s happening?
INDIACEM	+7.88%	Scaling towards a fresh ATH after a consolidation breakout supported by strong volumes.
KIRLOSENG	+4.43%	Continuation breakout in play with the stock hovering near its 52-week high.
M&MFIN	+2.96%	Re-tested the breakout zone around 335–338; holding above it keeps trend continuation intact.
SBIN	+1.53%	Sustaining above key EMAs with an inside-bar breakout structure.
POLYCAB	-3.83%	Sharp volume-led sell-off after rejection near the 20 and 50 EMAs.

News You Can Use

Silver hits record high above $66.5 per ounce.
Government to sell up to 2% stake in IOB via OFS, with 1% greenshoe option. Floor price set at ₹34 per share, a 4.4% discount to market price.
L&T Buildings & Factories arm wins multiple orders worth up to ₹5,000 crore.
Shriram Finance board to consider fund-raising proposal on December 19.
Akzo Nobel sees 51.9 lakh shares change hands in block deal.
KPI Green Energy board approves ₹475 crore fund raise via preferential issue.

Chart of the Day: SBIN (Daily)

Spotted: Inside bar

Structure: A range consolidation within the anchor candle’s high–low, reflecting pause and compression after a directional move.

Validation: A clean break above or below the inside bar range backed by volume expansion confirms momentum resumption.

Trading Insight: A continuation setup where the breakout often leads to a sharp move in the direction of the prevailing trend.