Indian equity benchmarks ended the previous session on a cautious note as selling pressure continued to dominate. Both the Nifty 50 and Bank Nifty displayed signs of weakening momentum, supported by bearish technical indicators and options positioning. While volatility remains low, the broader setup suggests traders should stay alert, as sustained weakness could invite further downside. Nifty 50 Technical Outlook Current Level: 25,819 The Nifty 50 formed a bearish candle on the daily chart, reflecting growing dominance of sellers. The index continues to trade below its short-term moving averages (10-day and 20-day EMAs) and the midline of the Bollinger Bands, highlighting near-term pressure. However, it is still positioned above the 50-day EMA and the lower Bollinger Band, offering limited support. Momentum indicators remain weak. The RSI has slipped to 46.47, indicating loss of strength, while the Stochastic RSI has turned bearish. The MACD remains below its signal line, with the histogram staying in negative territory—together pointing toward a continued bearish bias. Key Levels for Nifty 50 Resistance Levels (Pivot-based): Support Levels (Pivot-based): A sustained move above 25,900 may bring temporary relief, while a break below 25,779 could accelerate selling pressure. Bank Nifty Technical Outlook Current Level: 58,927 The Bank Nifty extended its weakness for the third consecutive session, forming another bearish candle with shadows on both ends. The index continues to follow a lower top–lower bottom structure, confirming a downtrend in the short term. Price action remains below key short-term moving averages and between the middle and lower Bollinger Bands. Momentum indicators also reflect fatigue—RSI stands at 49.81, while both the Stochastic RSI and MACD remain below their respective reference lines, with the MACD histogram weakening further. Key Levels for Bank Nifty Resistance Levels (Pivot-based): Support Levels (Pivot-based): Fibonacci Resistance Levels: Fibonacci Support Levels: Any recovery attempt is likely to face selling pressure near resistance zones unless momentum improves significantly. Nifty Options Data – Weekly Expiry Call Options Activity The 26,000 strike holds the highest Call open interest at 1.3 crore contracts, making it a strong resistance area. This is followed by: Fresh Call writing was concentrated at: There was minimal Call unwinding across the 25,100–26,600 range, indicating traders are still holding bearish Call positions. Nifty Put Options Activity Put Options Activity The 25,500 strike holds the maximum Put open interest at 64.56 lakh contracts, acting as a key support level. Other notable strikes include: Maximum Put writing was observed at: Put unwinding was highest at: This data suggests limited upside confidence near higher levels. Bank Nifty Options Data – Monthly Expiry Call Options Activity The 59,500 strike carries the highest Call open interest at 18.46 lakh contracts, acting as a strong resistance. This is followed by: Fresh Call writing was highest at: Maximum Call unwinding occurred at the 61,000 strike, indicating reduced bullish bets at higher levels. Bank Nifty Put Options Activity The 59,500 strike holds the highest Put open interest at 14.8 lakh contracts, followed by: Put writing was strongest at: Notable Put unwinding was seen at: This suggests cautious positioning near current levels. Put-Call Ratio (PCR) The Nifty Put-Call Ratio dropped to 0.77, down from 0.9 in the previous session. A declining PCR reflects increasing Call writing compared to Put writing, reinforcing the current bearish undertone. Typically, PCR values above 1 indicate bullish sentiment, while readings drifting toward 0.5 highlight growing bearishness. The current level points to continued caution among traders. India VIX India VIX declined further by 2.24% to 9.84, marking its lowest closing level. The volatility index continues to trade well below key moving averages, suggesting market participants remain comfortable. However, prolonged low volatility phases often precede sharp directional moves, making risk management crucial for traders in the coming sessions. Conclusion The overall setup for December 18, 2025, remains weak to bearish, supported by negative technical indicators, cautious options positioning, and a declining PCR. While low volatility offers short-term comfort, traders should stay disciplined and closely monitor key support levels, as a breakdown could trigger faster downside moves. Disclosure & Disclaimer Dhwani Patel (SEBI Registration No: INH200008608) is a SEBI-registered Research Analyst.All views are for educational purposes only. This is not investment advice. Please consult your financial advisor before trading.

Indian equity markets showed signs of hesitation as benchmark indices witnessed selling pressure and slipped below key short-term levels. With technical indicators weakening and options data reflecting rising caution, traders should prepare for a volatile yet range-bound session. Below is a detailed breakdown of Nifty, Bank Nifty, derivatives positioning, and volatility indicators to help plan trades effectively. 1) Key Levels for the Nifty 50 (25,860) Resistance Levels (Pivot Points): Support Levels (Pivot Points): Technical Setup: The Nifty 50 formed a bearish candle, continuing the lower high–lower low structure, which reflects rising nervousness among participants. Key technical observations: Market View: The structure suggests short-term weakness with increasing caution. Unless Nifty reclaims 25,950–26,000, upside may remain limited. 2) Key Levels for the Bank Nifty (59,035) Resistance Levels (Pivot Points): Support Levels (Pivot Points): Fibonacci Levels: Technical Setup: The Bank Nifty also formed a bearish candle, declining nearly 0.7%, and closing below short-term moving averages. Key indicators: Market View: Bank Nifty remains in consolidation with a bearish bias, and strength may only return above 59,350–59,500. 3) Nifty Call Options Data (Weekly) Interpretation: Heavy Call writing near 26,000 indicates strong resistance and limited upside in the near term. 4) Nifty Put Options Data (Weekly) Interpretation: Support appears around 25,500–25,800, but aggressive Put writing is lower compared to Calls, showing defensive positioning. 5) Bank Nifty Call Options Data (Monthly) Interpretation: Strong Call writing suggests selling pressure near 59,500–60,000. 6) Bank Nifty Put Options Data (Monthly) Interpretation: Put unwinding near 59,500 hints at weakening support at higher levels. 7) Put–Call Ratio (PCR) Interpretation: The sharp fall in PCR reflects reduced bullish confidence and rising caution among traders. 8) India VIX Interpretation: Low volatility favours bulls structurally, but such levels also increase the risk of a sudden sharp move in either direction. Overall Market Outlook for December 17, 2025 Strategy:Traders should adopt a sell-on-rise or range-trading approach, keep strict stop-losses, and avoid aggressive long positions until indices reclaim key resistance zones. Disclosure & Disclaimer Dhwani Patel (SEBI Registration No: INH200008608) is a SEBI-registered Research Analyst.All views are for educational purposes only. This is not investment advice. Please consult your financial advisor before trading.

The markets continued displaying stability as benchmark indices moved within a controlled range while maintaining a positive undertone. With both Nifty and Bank Nifty sustaining above critical moving averages, traders can expect a session driven by consolidation, selective strength, and improving momentum signals. Below is a complete breakdown of the important technical levels and option data to help you prepare for the trading day. 1) Key Levels For The Nifty 50 (26,027) Resistance (Pivot Points): Support (Pivot Points): Special Formation: The Nifty formed a bullish candle on the daily chart, showing continued strength. However, the index failed to close above the previous day’s high, signalling some hesitation at upper levels. Technically, the index: Despite this, the MACD stayed below the reference line, suggesting that a full confirmation of trend reversal is still pending. Interpretation:Nifty is in a consolidation phase with mild positive bias, supported by strong moving average structure but restrained by weak momentum confirmation. 2) Key Levels For The Bank Nifty (59,462) Resistance (Pivot Points): Support (Pivot Points): Fibonacci Levels: Special Formation: The Bank Nifty closed the session on a positive note, forming a bullish candle and breaking above a downward-sloping resistance trendline—a constructive sign for bulls. The index also: Interpretation:Bank Nifty shows improving momentum with cautious optimism. A close above 59,650–59,700 could unlock further upside. 3) Nifty Call Options Data Interpretation:Strong supply continues near 26,100–26,200, suggesting overhead pressure and a tough zone to cross. 4) Nifty Put Options Data Interpretation:The Put writing at 25,900–26,000 indicates that the market is likely to defend this support strongly. 5) Bank Nifty Call Options Data Interpretation:Bank Nifty faces firm resistance at 59,500–60,000, where traders continue adding short positions. 6) Bank Nifty Put Options Data Interpretation:Support continues to strengthen around 59,000–59,500, aligning with technical improvements. 7) Put-Call Ratio (PCR) A PCR above 1 indicates heightened Put writing and increasing bullish confidence. 8) India VIX Interpretation:Market stability remains intact. Low VIX offers comfort but also warns that sudden sharp moves cannot be ruled out. Conclusion: What to Expect on December 16 Overall sentiment remains cautiously optimistic, supported by structure but limited by weak momentum indicators. Disclosure & Disclaimer Dhwani Patel (SEBI Registration No: INH200008608) is a SEBI-registered Research Analyst.All views are for educational purposes only. This is not investment advice. Please consult your financial advisor before trading.

The markets extended their positive tone as benchmark indices continued to show signs of improving momentum. With buying emerging at lower levels and the volatility index cooling further, traders may expect a constructive start to the new week. Here’s a complete breakdown of the Nifty, Bank Nifty, options activity, PCR, and India VIX to help you plan your trades for December 15, 2025. 1) Key Levels for the Nifty 50 (26,047) Resistance (Pivot Points): Support (Pivot Points): Special Formation: The Nifty formed another bullish candle on the daily chart, indicating sustained buying interest. The index also reclaimed the 10-day and 20-day EMAs, along with the midline of the Bollinger Bands, strengthening the short-term trend. Momentum indicators provided mixed signals: Interpretation: Early signs of strengthening momentum are visible, but confirmation will depend on follow-through buying above key resistance zones. 2) Key Levels for the Bank Nifty (59,390) Resistance (Pivot Points): Support (Pivot Points): Fibonacci Levels: Special Formation: The Bank Nifty formed a Doji pattern, suggesting indecision after the previous bullish session. The index reclaimed the 10-day EMA and midline of the Bollinger Bands, but failed to surpass the previous day’s high. Indicators showed moderate improvement: Interpretation: The index is showing cautious optimism with consolidation likely before a decisive move. 3) Nifty Call Options Data Interpretation: Strong resistance is forming around 26,050–26,500, with aggressive call writing at overhead levels. 4) Nifty Put Options Data Interpretation: Strong Put writing at 26,000 signals buyers defending support actively. 5) Bank Nifty Call Options Data Interpretation: Heavy writing at 60,000 confirms it as a strong resistance zone. 6) Bank Nifty Put Options Data Interpretation: Strong positioning at 59,500 supports bullish sentiment. 7) Put-Call Ratio (PCR) A rising PCR above 0.7 generally indicates strengthening bullish sentiment as traders build Put positions. Interpretation: Optimism rising among market participants. 8) India VIX Low VIX indicates reduced fear and greater stability, though extremely low levels may precede sharp market swings. Conclusion: What Traders Should Expect Overall, markets are leaning moderately bullish but demand confirmation through sustained breakouts. Disclosure & Disclaimer Dhwani Patel (SEBI Registration No: INH200008608) is a SEBI-registered Research Analyst.All views are for educational purposes only. This is not investment advice. Please consult your financial advisor before trading.

Swing trading opportunities remain firm as broader market sentiment turns supportive, led by strength in select sectors, stable global cues, and improving risk appetite. Multiple stocks have shown clean breakouts, strong delivery volumes, and trend continuation patterns—creating high-probability setups for short-term traders. Below are the best swing trading stocks for Dec 15–19, 2025, curated using price action, volume confirmation, RSI structure, MACD trend, and sector momentum. Top 5 Swing Trading Stocks for the Week 1. Hindustan Zinc (CMP ₹561.65) Bias: Bullish Continuation Setup: The stock has formed a strong breakout candle with rising volumes, sustaining well above the 20-day EMA. Metal sector momentum continues to stay robust. Reasons: 2. Vedanta (CMP ₹543.60) Bias: Bullish Reversal Setup: Price reclaimed the short-term moving averages while forming a higher-low structure. The stock also shows strong relative strength vs Nifty. Reasons: 3. Muthoot Finance (CMP ₹3,837.60) Bias: Bullish Setup: The stock is trading above major EMAs with clean structure and renewed buying interest around support zones. Reasons: 4. Samvardhana Motherson (CMP ₹121.30) Bias: Breakout Continuation Setup: The stock has given fresh breakout above resistance with multi-month high volumes. Reasons: 5. Cummins India (CMP ₹4,600.20) Bias: Bullish Setup: Price action remains firmly positive as the stock sustains above key moving averages while forming a consistent higher-high, higher-low structure. Reasons: Bonus Watchlist Stocks for the Week Stock Bias Entry Zone Target Stop-Loss Vodafone Idea Bullish ₹11.10–₹11.60 ₹12.20–₹12.50 ₹10.50 Ashok Leyland Bullish ₹161–₹165 ₹171–₹175 ₹158 IDFC First Bank Bullish ₹81–₹83 ₹86–₹88 ₹78 Federal Bank Reversal ₹258–₹263 ₹270–₹276 ₹252 Hindustan Copper Breakout ₹372–₹385 ₹400–₹420 ₹358 Strategy for This Week (Dec 15–19, 2025) Swing Trading Insight of the Week “Successful swing trading is about patience and precision. Let the trend structure guide your decision-making and rely on volume and momentum confirmation rather than emotion. Consistency comes from disciplined execution.” Key Takeaways Disclaimer This swing trading analysis is prepared by Dhwani Patel (SEBI Registered Research Analyst – INH200006608).All information provided is for educational purposes only and should not be considered investment advice.Trading in securities involves significant risk. Please consult your financial advisor before investing.