Nifty Intraday Analysis Today (29 December 2025): Support, Resistance & Option Chain View

Market Overview

Nifty opened on a steady note near the 26,100 mark but witnessed selling pressure in early trade, gradually drifting lower. The index has slipped below the 20 DEMA and is now moving closer to its nearby demand zone.

Futures Positioning

In the derivatives segment, Nifty futures open interest stands at 2.59 lakh contracts, up 10.59%, indicating aggressive fresh positioning as the index moves lower.

Option Chain Setup

The option chain reflects a defensive structure. Heavy call-side additions are visible at the 26,000 and 26,100 strikes, highlighting strong overhead supply. On the put side, moderate put writing is visible near the 25,900 strike, suggesting limited but present downside defence. The PCR at 0.58 and implied volatility near 9.1% signal a cautious and weak intraday environment.

Key Levels to Watch

Support: 25,880

Resistance: 26,100

Holding above support remains critical to avoid further downside acceleration.

Intraday Outlook

Nifty is now inching towards the key support zones around 25,950, followed by 25,880. These demand pockets will be crucial to track for any potential stabilisation. On the upside, any bounce is likely to face quick selling pressure from the overhead supply zones, keeping recovery attempts limited.