Nifty 50 is rising back after witnessing a mild dip on Tuesday. The index is currently trading at 26,215, up 0.14 per cent. The advances/declines ratio is at 33:17. This is positive.
Nifty 50 outlook
Overall bias remains positive. Support is in the 26,120-26,100 region. Immediate resistance is at 26,240. A break above it can take the index up to 26,320.
Failure to break 26,240 can take the index down during the day. In that case, a sideways move between 26,100 and 26,140 is a possibility for some time.
The intraday picture will turn negative only if the index declines below 26,100. That will take the Nifty down to 26,060.
Nifty 50 Futures
The Nifty 50 December Futures (26,240) contract is up 0.13 per cent. The contract has risen back sharply from the low of 26,167 in the early trades. Immediate resistance is at 25,260. A break above it can take the Nifty 50 December Futures contract up to 26,300-26,310 initially. An eventual break above 26,300 will then clear the way for a further rise to 26,400 and higher going forward.
Cluster of supports are there in the broad 26,160-26,100 region. The contract has to break below 26,100 in order to turn negative. But that looks less likely.
Trade Strategy
Go long on a break above 26,260. Keep the stop-loss at 26,210. Trail the stop-loss up to 26,280 as soon as the contract goes up to 26,295. Revise the stop-loss higher to 26,305 and 26,340 when the contract touches 26,325 and 26,360 respectively. Exit the longs at 26,380.
Supports: 26,160, 26,100
Resistances: 26,260, 26,400
Published on December 24, 2025
