Market Outlook
GIFT Nifty at 25,947 indicates a firm start for Nifty above 25,900, backed by strong DII buying (net +₹2,700 Cr on Dec 18). Expect consolidation with stock-specific action, as global cues from BoE/ECB decisions add caution.
Key Levels
Nifty 50: Resistance at 25,900–26,000; support at 25,750–25,700 (50-day EMA).
Bank Nifty: Resistance 59,136–59,444; support 58,755–58,638.
Stocks in Action
IT: Infosys, TCS, HCL Tech (sector outperformance).
Banks: HDFC Bank, ICICI Bank, Axis Bank (FII-DII focus).
Healthcare: Max Healthcare, select pharma on defensive buying.
Energy: RIL on crude cues.
Ban List: Sammaan Capital (F&O restrictions)
FII-DII Activity
Dec 18: FII net +₹595 Cr (buy ₹11,442 Cr, sell ₹10,846 Cr); DII net +₹2,700 Cr (strong support).
Micro & Macro Views
Micro (Intraday): Range 25,700–26,000; dip-buying likely post gap-up.
Macro (Near-term): Global central banks, US data to drive volatility; FII trend turning positive.