The domestic equity market saw a muted and cautious performance on Wednesday, with both frontline indices extending their losing streak for a third straight session. Benchmark indices opened on a weaker note and traded under pressure throughout the day, reflecting short-term bearish sentiment. While broader price action showed the indices still holding above key long-term moving averages, they slipped below short-term trend indicators, signalling near-term weakness. Market participants remained watchful ahead of key policy cues from the US Federal Reserve, while continued foreign investor outflows and soft global sentiment added to the downside pressure.
Sectoral trends were mixed, with pockets of resilience seen in media, metal, and pharmaceutical stocks, even as consumer durables and broader midcap and small-cap segments lagged. Gains in select industry groups were overshadowed by broader selling across rate-sensitive and growth-focused sectors. Sentiment was further dampened by mostly weak cues across major Asian markets, reflecting a cautious global risk environment.
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 positive note at 25,864.05 on Wednesday, up by 24.4 points from Tuesday’s closing of 25,839.65. The index opened the session on a bullish note above 25,850 and initially moved upward, reaching a day’s high near 25,947.65, which acted as strong resistance. After that, it lost momentum and dropped to around 25,768 in the morning. The Index remained volatile, trading between 25,750 and 25,950.
In the afternoon, the index showed a slight recovery but again failed to hold momentum, falling to its day low of 25,734.55 before settling just above 25,750. The Index traded within the broader range of 25,700 to 25,850 in the afternoon session. Finally, it had closed on a negative note at 25,758.00, down by 81.65 points, or 0.32%. In the short term, the Index dropped 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 25,727.9 (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 Price25,758.00Support 125,727.90Support 225,446.50
NIFTY 50 Momentum Indicators Analysis
RSI (Daily): The Nifty 50’s RSI stood at 44.5, which is below the overbought zone of 70, generally indicating a neutral 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. Furthermore, in Wednesday’s session, the Index formed a bearish candlestick pattern, which indicates a negative outlook. The index stayed below the 25,800 level on Wednesday’s session and was hovering near the 25,750 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: Wednesday’s trading session had an average volume of 207.94 Mn.
Derivatives Data: Options open interest (OI) data suggest a strong support zone around 25,600 and 25,700, where put option writing is high, indicating traders expect the index to hold these levels. On the upside, significant call option open interest at 25,800 and 25,900 signals resistance, as sellers are likely to defend these strike prices. The Put/Call Ratio (PCR) stands at 0.54, which is below 1 and indicates a neutral to bullish sentiment with more call activity than put. The presence of a short Buildup indicates traders are initiating new short positions, expecting the downward trend to continue, which is generally considered a strong bearish sentiment. This combination implies the market may trade in a range, with strong support near 25,600-25,700 and resistance near 25,800-25,900, until a decisive breakout occurs.
Bank Nifty Chart & Price Action Analysis
The Bank Nifty Index opened on a slightly positive note at 59,281.55 on Wednesday, up by 59.2 points from Tuesday’s closing of 59,222.35. Initially, the index was moving upwards slightly, hitting the day’s high at 59,440.90, during the morning session. However, it did not sustain above the 59,300 level for too long, as it started moving downwards. During the morning session, the index was trading between the 58,900 and 59,400 levels.
In the afternoon session, the index plunged again, hitting a day’s low of 58,853.9 and was trading between 58,900 and 59,000. Finally, it had closed at 58,960.40 on a negative note, down 261.95 points or 0.44%. The Relative Strength Index (RSI) stood at 52.2, below the overbought zone of 70 in the daily time frame. In the short term, the Index dropped below the 13- and 20-day EMA, indicating a short-term bearish outlook in the daily time frame.
The nearest resistance is at 59,550 (R1) and 59,865.05 (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 259,865.05Resistance 159,550.00Closing Price58,960.40Support 158,750.00Support 258,175.00
BSE Sensex Chart & Price Action Analysis
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The BSE Sensex Index also opened on a negative note, opening at 84,607.49 on Wednesday, down by 58.76 points from Tuesday’s closing of 84,666.28. The Sensex index started the session on a negative note near the 84,600 mark. Initially, the index was moving upwards slightly, hitting the day’s high at 85,020.34, during the morning session. However, it did not sustain above the 85,000 level for too long, as it started moving downwards. During the morning session, the index was trading between the 84,500 and 85,000 levels.
In the afternoon session, the index plunged again, hitting a day’s low of 84,313.62 and was trading between 84,450 and 84,650. Finally, it had closed at 84,391.27 on a negative note, down 275.01 points or 0.32%. The Relative Strength Index (RSI) stood at 46.09, 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 and formed a bearish candlestick pattern (with a red body, longer upper wick and a short lower wick) on Wednesday, indicating a bearish outlook due to selling pressure.
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 Price84,391.27Support 184,028.05Support 283,125.00
Market Recap on December 10th, 2025
On Wednesday, the Nifty 50 opened lower at 25,864.05, down by -24.4 points from its previous close of 25,839.65. The index hit an intraday low of 25,734.55 and closed on a bearish note, below the 25,800 level at 25,758, down -81.65 points, or -0.32%. 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 negative trend at 84,607.49, down -58.79 points from the previous close of 84,666.28.
It closed at 84,391.27, down -275 points, or -0.32%. Both indices showed short-term bearish momentum. RSI values for the Nifty 50 were at 44.5 and the Sensex at 46.09, below the overbought threshold of 70. The benchmark indices ended lower for the third consecutive session, mainly due to investors staying cautious ahead of the US Fed’s policy signals, continued FIIs selling for the 9th consecutive day and weak global cues, all leading to market decline on Wednesday.
On Wednesday, the Nifty Media index remained the major gainer, up 0.5% or 6.75 points, closing at 1,411.80. Among the gainers, Prime Focus Ltd was the major gainer, increasing by 9.4%, followed by DB Corp Ltd, Hathway Cable & Datacom Ltd and Tips Music Ltd, all gained by up to 2.8%. The Nifty Metal index is also among the highest gainers, increasing 0.5% or 46.35 points, closing at 10,159. Hindustan Zinc, Lloyds Metals & Energy Ltd, Vedanta Ltd and Jindal Stainless Ltd all gained up to 4.3% on Wednesday. The Nifty Pharma also gained by 0.2%.
The Nifty Consumer Durable index was the major loser, closing at 35,954, shedding -629.90 points or -1.72%. Dixon Technologies was the major laggard, dropping by -8.63%, followed by PG Electroplast Ltd, Kalyan Jewellers, and Havells India, which fell by up to -2.93%. The Nifty Midcap 50 index was also among the major losers, falling -191.50 points or -1.12% to close at 16,918. Major losers were BSE Ltd, Persistent Systems Ltd, and One 97 Communications, which fell up to -4.94%. The Nifty Smallcap 50 Index also dropped -93.35 or -1.10%, closing at 8,355.
Asian equity markets closed bearish. Japan’s Nikkei 225 declined by -0.36% or -182.10 points to 50,473.00. While Hong Kong’s Hang Seng Index climbed 51.77 points, or 0.20%, to 25,486.00. China’s Shanghai Composite fell -9.02 points, or -0.23%, to 3,900.50, and South Korea’s KOSPI fell -8.55 points, or -0.21%, closing at 4,135.00.
India VIX
The India VIX fell to 10.91, down by 0.04 points (0.37%) during Wednesday’s trading session, indicating a slight 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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