Nifty50 rebounds from lows: Key levels, Banking strength, Breakout stocks & more inside!

Market Today: Nifty holds 26K, What’s next?

Nifty50 opened with a gap down, handled early volatility well and recovered to end the day largely flat, snapping a 2-day winning streak as the rupee hit another record low of 90.64. Market breadth remained evenly poised, with the A/D ratio at 1:1.

The Nifty continues to find support near 25,900, while resistance is placed at 26,080–26,100. A decisive move above this zone could trigger a breakout; otherwise, range-bound action may persist.

Bank Nifty needs to clear 59,450–59,600 to extend gains, with support seen at 59,300–59,250. Sensex faces resistance at 85,275–85,400, while immediate support lies near 85,000.

Key Levels to Watch for December 16, 2025

Index	Support	Resistance
Nifty	25,925 & 25,875	26,100 & 26,200
Bank Nifty	59,175 & 59,050	59,600 & 59,850
Sensex	85,000 & 84,750	85,450 & 85,750

Sector & Stock Moves: Where was the action?

Banking stocks outperformed, with the Nifty Bank index closing in the green, led by IDFC First Bank, Federal Bank, and AU Small Finance Bank. IT stocks found mild support as the weak rupee improved export earnings visibility, aiding a rebound in Coforge. Auto stocks, however, lagged the broader market.

Among individual names, IndiGo gained 2.16% after operating over 2,000 flights in a day with zero cancellations. Urban Company slipped 4.32% following the end of its shareholder lock-in period, while Vodafone Idea closed 2.49% lower amid reports around AGR dues.

NIFTY50 – Top Gainers

• INDIGO ▲ +2.16%
• HINDUNILVR ▲ +1.46%
• SHRIRAMFIN ▲ +0.87%

NIFTY50 – Top Losers

• M&M ▼ -1.95%
• EICHERMOT ▼ -1.49%
• ONGC ▼ -1.12%

Open Interest Snapshot

Put writers remain active at 26,000 (40.34L) and 25,900 (67.17L). On the call side, additions were seen at 26,100 (72.21L), with fresh writing at 26,200 (58.63L). The PCR-OI stands at 1.2.

Interpretation: The setup suggests a range-bound to mildly bullish bias, contingent on a clean breakout above the 26,150–26,200 zone.

Stocks on the Move

Stock	% Gain / Loss	What’s happening?
NBCC	+5.31%	Rebound from the mean reversion zone backed by strong volume action
IOC	+2.98%	Consolidation breakout from the support zone with rising volumes
UPL	+2.31%	Breakout above the triangle pattern, moving closer to all-time highs
IDFCFIRSTB	+1.92%	Upside breakout from a contracting structure with strong volume pickup
PIIND	-1.98%	Sharp sell-off signalling a shift in favour of the bears

News You Can Use

• Indian rupee hits a fresh record low of 90.64 against the US dollar.
• November WPI inflation printed at -0.32%.
• Merchandise trade deficit narrowed to $24.53 bn from $31.92 bn YoY.
• Texmaco Rail secured a ₹132 crore order from Touax Texmaco Railcar Leasing.

Chart of the Day: IDFCFIRSTB (Daily Timeframe)

Pattern: Ascending Triangle

Structure: Flat or near-horizontal resistance with a series of higher lows as price compresses below supply.

Validation: A breakout above resistance, supported by expanding volumes, confirms continuation.

Trading Insight: Once the breakout triggers, price typically resumes and accelerates in the direction of the prevailing trend.