The Indian equity market saw a positive rebound on Thursday, ending a three-day losing streak. Both the Nifty 50 and the Sensex opened on a firm note and sustained upward momentum throughout the session, supported by renewed buying interest across sectors. Market sentiment improved further on the back of optimism surrounding the India-US trade discussions and a supportive global backdrop following the US Federal Reserve’s rate cut. Key technical indicators also reflected stability, with benchmark indices holding above major long-term moving averages, while momentum readings remained comfortably below overbought levels.
Broader sectoral performance was largely upbeat, with capital markets, automobiles, and transportation seeing strong gains driven by buying in major stocks. Only a few pockets, such as media and oil & gas, witnessed mild weakness due to selective profit-booking. In contrast, major Asian markets ended on a subdued note, reflecting cautious global sentiment despite supportive international developments. Overall, domestic equities demonstrated resilience and positive traction heading into the next trading session.
In this overview, we will analyse the key technical levels and trend directions for Nifty and BSE Sensex to monitor in the upcoming trading sessions. All the charts mentioned below are based on the 15-minute timeframe.
NIFTY 50 Chart & Price Action Analysis
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The Nifty 50 Index opened with a flat-to-positive note at 25,771.40 on Thursday, up by 13.4 points from Wednesday’s closing of 25,758.00. The index opened on a bullish note above 25,750 but quickly faced high volatility and dropped to the day’s low of 25,693.25, which proved to be strong support. From there, it stabilised and regained momentum around the 25,700 level, rallying to nearly 25,900 in the morning session. Throughout the morning, it moved between 25,700 and 25,900.
In the afternoon, the index dipped slightly and later recovered, reaching a day high at 25,922.80, eventually closing near the 25,900 level. For most of the afternoon session, it traded within a broader range of 25,850 to 25,900. Finally, it had closed on a positive note at 25,898.55, up by 140.55 points, or 0.55%. In the short term, the Index is trading below the 13- and 20-day EMA, indicating a short-term bearish outlook in the daily time frame.
The Nifty 50’s nearest resistance levels are at 26,031.35 (R1) and 26,230.10 (R2). On the other hand, the closest support is now at 25,700 (S1), and the next one at 25,446.50 (S2), where the index took support previously.
Trade Setup:
Nifty 50Resistance 226,230.10Resistance 126,031.35Closing Price25,898.55Support 125,700.00Support 225,446.50
NIFTY 50 Momentum Indicators Analysis
RSI (Daily): The Nifty 50’s RSI stood at 49.62, which is below the overbought zone of 70, generally indicating a neutral to Bullish zone.
Bollinger Bands (Daily): The index is trading in the lower band of the Bollinger Band range below the middle band. Its position in the lower range suggests a bearish sentiment in the short term. However, on Thursday, the Index formed a Strong bullish candlestick pattern after taking support near 25,750 featuring a small upper wick and a long lower wick. It consistently held above the 25,850 mark and hovered around 25,900 for most of the session. Finally, the Index closed close to the 25,900 level. A sustained move above the middle band signals a bullish sentiment, while a drop back toward the lower band may reinforce bearish sentiment.
Volume Analysis: Thursday’s trading session had an average volume of 206.1 Mn.
Derivatives Data: Options open interest (OI) data suggest a strong support zone around 25,700 and 25,800, where put option writing is high, indicating traders expect the index to hold these levels. On the upside, significant call option open interest at 25,900 and 26,000 signals resistance, as sellers are likely to defend these strike prices. The Put/Call Ratio (PCR) stands at 0.84, which is below 1 and indicates a neutral to bullish sentiment with more call activity than put. The presence of a long Buildup indicates traders are bullish, adding new long (buy) positions as the underlying asset’s price rises, signalling strong buying conviction and anticipation of further price increases, which is generally considered a strong bullish sentiment. This combination implies the market may trade in a range, with strong support near 25,700-25,800 and resistance near 25,900-26,000, until a decisive breakout occurs.
Bank Nifty Chart & Price Action Analysis
The Bank Nifty Index opened on a muted note at 58,966.20 on Thursday, up by 5.8 points from Wednesday’s closing of 58,960.40. The index was moving upwards during the morning session and was trading between the 58,850 and 59,400 levels. The index peaked at 59,423.35. In the afternoon session, the index was trading in a range-bound manner, between the levels of 59,150 and 59,400. The index had a day’s low at 58,799.90.
Finally, it had closed at 59,209.85 on a positive note, up 249.45 points or 0.42%. The Relative Strength Index (RSI) stood at 55.78, below the overbought zone of 70 in the daily time frame. In the daily time frame, the Index dropped below the 13-day EMA but closed above the 20-day EMA, indicating a mixed outlook in the near term.
The nearest resistance is at 59,425 (R1) and 59,810.85 (R2). The higher resistance is at 60,114.30 (R3), which is the all-time high for the index. On the other hand, the closest support is now at 58,750 (S1), and the next support is at 58,175 (S2), where the index has taken support at this level previously.
Trade Setup:
Bank NiftyResistance 360,114.30Resistance 259,810.85Resistance 159,425.00Closing Price59,209.85Support 158,750.00Support 258,175.00
BSE Sensex Chart & Price Action Analysis
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The BSE Sensex Index opened on a positive note, opening at 84,456.75 on Thursday, up by 65.48 points from Wednesday’s closing of 84,391.27. The Sensex index started the session on a slightly optimistic note near the 84,500 mark. Initially, the index was moving upwards and hit the day’s high at 84,906.93 during the morning session. The index was trading between the 84,200 and 84,850 levels.
In the afternoon session, the index was trading in a range-bound manner between the levels of 84,650 and 84,900. It had a day’s low at 84,150.19. Finally, it had closed at 84,818.13 on a positive note, up 426.86 points or 0.51%. The Relative Strength Index (RSI) stood at 50.89, below the overbought zone of 70 in the daily time frame. In the short term, the index was below the 13- and 20-day in the daily time frame.
The index faces immediate resistance at 85,210 (R1) and 85,486.34 (R2). The higher resistance is at 85,805 (R3), a level near its all-time high. On the downside, the nearest support lies at 84,028.05 (S1) and the next one at 83,125.00 (S2).
Trade Setup:
SensexResistance 385,805.00Resistance 285,486.34Resistance 185,210.00Closing Price84,818.13Support 184,028.05Support 283,125.00
Market Recap on December 11th, 2025
On Thursday, the Nifty 50 opened slightly up at 25,771.4, up by 13.4 points from its previous close of 25,758. The index hit an intraday low of 25,922.80 and closed on a positive note, above the 25,850 level at 25,898.55, up 140.55 points, or 0.55%. The index closed above the 50/100/200-day EMAs but below the 20-day EMA on the daily chart. The BSE Sensex followed the same trajectory, opening on a positive trend at 84,456.75, up 65.48 points from the previous close of 84,391.27.
It closed at 84,818.13, up 426.86 points, or 0.51%. Both indices showed positive momentum. RSI values for the Nifty 50 were at 49.62 and the Sensex at 50.89, below the overbought threshold of 70. The benchmark indices rebounded today, snapping the three-day losses consecutively, mainly due to investors resuming buying across sectors, India-US trade deal hopes, and the US Fed rate cut by 25 bps, which improved the overall market sentiment.
On Thursday, most of the indices ended on a bullish note, with the Nifty Capital Market index remaining the major gainer, up 2.7% or 121.05 points, closing at 4,603.15. Among the gainers, KFin Technologies Ltd was the major gainer, increasing by 4.7%, followed by BSE Ltd, Angel One Ltd, and Nuvama Wealth Management Ltd, all of which gained by up to 4.5%.
The Nifty Auto index is also among the highest gainers, increasing 1.1% or 302.75 points, closing at 27,661. Samvardhana Motherson, Sona BLW Precision, Bharat Forge, and Ashok Leyland Ltd all gained up to 3% on Thursday. The Nifty Transportation & Logistics also gained by 1.1%.
The Nifty Media index was in red, closing at 1,410.55, shedding -1.25 points or -0.09%. Prime Focus Ltd was the major laggard, dropping by -5.17%, followed by D B Corp Ltd, Hathway Cable, and PVR Inox Ltd, which fell by up to -2.41%. The Nifty Oil & Gas index was also in red, falling -3.35 points or -0.03%, to close at 11,796. Major losers were Castrol India Ltd, Bharat Petroleum Corporation, and Indian Oil Corporation, which fell up to -1.48%.
Asian equity markets closed bearish on Thursday. Japan’s Nikkei 225 declined by -0.80% or -403.80 points, to 50,199.00. While Hong Kong’s Hang Seng Index declined marginally by -1.78 points, or -0.01%, to 25,539.00. China’s Shanghai Composite fell -27.18 points, or -0.70%, to 3,873.32, and South Korea’s KOSPI fell -24.38 points, or -0.59%, closing at 4,110.62.
India VIX
The India VIX fell to 10.40, down by 0.51 points (4.67%) during Thursday’s trading session, indicating a downtrend in expected market volatility in the daily time frame. However, overall volatility remains low, since the India VIX is generally considered elevated only when it rises above 15.
Given the ongoing volatility and mixed sentiments, it’s advisable to avoid aggressive positions and wait for clear directional moves above resistance or below support. Traders should consider these key support and resistance levels when entering long or short positions following the price break from these critical levels. Additionally, traders can combine moving averages to identify more accurate entry and exit points.
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