
The overall month has been quite unpredictable. While many on the chart stood strong, most of them have slipped. Bank Nifty on the other hand maintained its grip for a long time but now appears slightly bearish. Let’s see what the coming month holds for the investors as Mr. Sumeet Bagadia, Executive Director of Choice takes us through the weekly predictions of the market.

The Nifty index witnessed relatively controlled volatility during the week ended 26th December, trading within a narrow but elevated range. The index registered a weekly high of 26,236.40, reflecting continued bullish momentum and follow-through buying from the previous week. However, profit-booking emerged near higher levels, leading to a mild corrective move. The decline remained limited, with Nifty finding strong buying interest near the 26,000–26,050 zone, marking a weekly low of 26,008.60.
Following this shallow pullback, the index demonstrated resilience and stabilized above the key psychological 26,000 mark, indicating healthy consolidation rather than trend exhaustion. The price action suggests that market participants are using minor dips as accumulation opportunities, keeping the broader structure intact. Importantly, Nifty continues to trade above its key moving averages—the 20-day, 50-day, and 200-day EMAs—reinforcing the prevailing bullish undertone and confirming strength in the broader trend.
As long as the index sustains above the 26,000–25,800 immediate support zone, market sentiment is expected to remain constructive with a positive bias. On the upside, immediate resistance is placed near 26,200, followed by 26,500. On the downside, support is seen at 26,000 and then 25,800; a decisive break below 25,800 could invite short-term selling pressure. Given the current market structure, a buy-on-dips strategy remains appropriate, though traders should continue to maintain strict stop-losses amid ongoing volatility.
| Nifty 50 View | Levels |
|---|---|
| Support | 25800–25500 |
| Resistance | 26200–26500 |
| Bias | Sideways to Bullish |
Also know: Tomorrow market prediction

Bank Nifty began the previous week on a firm note, extending its upward momentum and gradually moving higher during the early part of the week. The index registered a weekly high of 59,478.15, indicating sustained buying interest at higher levels. However, profit-booking emerged near this resistance zone, leading to mild selling pressure and a short-term corrective move. This pullback dragged the index toward a weekly low of 58,947.05, where buying interest resurfaced near the demand zone, preventing a deeper decline.
From these lower levels, Bank Nifty managed to stabilize and recover modestly, eventually closing the week at 59,011.35. The weekly price action reflects consolidation at elevated levels after the recent up-move, suggesting that the broader trend remains intact while the index digests recent gains. The structure points toward a phase of range-bound movement with a positive bias rather than trend reversal.
On the technical front, Bank Nifty continues to trade above its key medium- and long-term moving averages, including the 50-day, 100-day, and 200-day EMAs, which reinforces the structurally bullish setup. On the downside, immediate support is placed near 58,700; a decisive break below this zone could invite additional selling pressure toward 58,000. On the upside, resistance is seen at 59,500, a sustained move above 59,500 would strengthen bullish momentum and open the door for further upside, while failure to cross this level may keep the index range-bound with intermittent profit-booking.
Given the current market structure, traders are advised to remain cautiously constructive, adopting a buy-on-dips approach while closely monitoring 58,700 as a crucial support and 59,500 as a key resistance for near-term directional cues.
| Nifty Bank View | Levels |
|---|---|
| Support | 58700–58000 |
| Resistance | 59500–60000 |
| Bias | Sideways to Bullish |
Technical Research - Team Choice gives the prediction.
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