Nifty 50 opened the day with a wide gap-up. However, it seems to be struggling to get a strong follow-through buying. The index touched a high of 26,319.90 in the opening trades and has come down from there. Nifty is currently trading at 26,272, up 0.26 per cent. The advances/declines ratio is at 36:14. This is positive.
Nifty 50 Outlook
Intraday support is in the 26,260-26,250 region which can be tested during the day now. However, we expect the Nifty to reverse higher from this support zone again. That rise can take the index up to 26,300 again.
Resistance is in the 26,300-26,320 region. A decisive rise above 26,320 will then clear the way for a rise to 26,500 and higher going forward.
Nifty will come under pressure for more fall only if it declines below 26,250. In that case, 26,180 can be seen on the downside during the day. Thereafter a rise back to 26,250-26,300 can be seen.
Nifty 50 Futures
The Nifty 50 December Futures (26,450) contract is up 0.24 per cent. The contract has come down from the high of 26,493.80. However, good intraday support is in the 26,430-26,420 region which can limit the downside. We can expect the contract to reverse higher from this support zone. That leg of rise can take the Nifty 50 December Futures contract up to 26,500 initially. The upside will remain open to see 26,700-26,800 in the coming days.
In case the contract breaks below 26,420, then an extended fall to 26,380 or 26,350 is possible.
Trade Strategy
Traders can go long now at 26,450 and accumulate on dips at 26,430. Keep the stop-loss at 26,360. Trail the stop-loss up to 26,470 as soon as the contract goes up to 26,495. Revise the stop-loss up to 26,510 and 26,580 when the contract touches 26,550 and 26,600 respectively. Exit the longs at 26,620.
Supports: 26,420, 26,380
Resistances: 26,500, 26,650
Published on December 1, 2025
