Introduction: Weekly Swing Trading Outlook Swing trading is all about capturing short-term price movements that typically unfold over a few days to a couple of weeks. Unlike intraday trading, swing trading allows traders to take advantage of broader price trends, momentum shifts, and volume expansion without constantly tracking minute-by-minute fluctuations. For the week December 22–26, 2025, Indian equity markets are entering a crucial phase. Benchmark indices have shown signs of recovery after recent consolidation, volatility remains historically low, and sector-specific momentum is beginning to emerge. These conditions often create favourable opportunities for swing traders who rely on technical structure, volume confirmation, and risk-defined setups. In this weekly report, Dhwani Patel highlights a curated list of top swing trading stocks across large-cap, mid-cap, and small-cap segments, based on price structure, momentum strength, and relative performance. IDFC First Bank IDFC First Bank continues to attract interest from swing traders due to its improving trend structure. Technical Structure: Swing Trading Levels (Indicative): Federal Bank Federal Bank remains one of the better-placed private banks for positional and swing setups. Technical Structure: Swing Trading Levels (Indicative): Bharti Airtel Bharti Airtel continues to trade in a steady upward channel and remains a defensive swing candidate. Technical Structure: Swing Trading Levels (Indicative): Laurus Labs Laurus Labs has shown renewed strength after a prolonged correction phase. Technical Structure: Swing Trading Levels (Indicative): Hindustan Copper Hindustan Copper remains one of the strongest momentum stocks in the metals space. Technical Structure: Swing Trading Levels (Indicative): Mid & Small-Cap Stocks for Aggressive Swing Traders These stocks offer higher volatility and faster price movement, making them suitable for experienced swing traders with disciplined risk management. Prime Focus Prime Focus has delivered sharp moves recently and remains a momentum-driven stock. Support: ₹205 – ₹210Resistance: ₹235 – ₹245 Anupam Rasayan Specialty chemical stocks continue to attract attention. Support: ₹1,280 – ₹1,300Resistance: ₹1,380 – ₹1,420 India Cements India Cements is showing gradual improvement in price structure. Support: ₹420 – ₹430Resistance: ₹465 – ₹480 JK Tyre & Industries JK Tyre has witnessed strong recent price action with volume expansion. Support: ₹455 – ₹465Resistance: ₹520 – ₹535 Can Fin Homes Housing finance stocks remain in focus. Support: ₹905 – ₹920Resistance: ₹980 – ₹1,010 Cupid Ltd Cupid has delivered exceptional momentum and remains highly volatile. Support: ₹420 – ₹430Resistance: ₹490 – ₹520 Gujarat Pipavav Port A relatively stable swing setup with lower volatility. Support: ₹185 – ₹188Resistance: ₹205 – ₹215 Indian Metals & Ferro Alloys Metal-linked stock showing recovery from lower levels. Support: ₹1,360 – ₹1,380Resistance: ₹1,480 – ₹1,520 Ashapura Minechem Strong participation from swing traders recently. Support: ₹760 – ₹770Resistance: ₹825 – ₹850 Fiem Industries Auto ancillary stock showing gradual accumulation. Support: ₹2,320 – ₹2,350Resistance: ₹2,520 – ₹2,580 Anondita Medicare Highly volatile small-cap with aggressive momentum. Support: ₹720 – ₹735Resistance: ₹820 – ₹860 Swing Trading Strategy for the Week According to Dhwani Patel, traders should focus on: Low volatility phases often end with sharp directional moves, making risk management more important than stock selection. Conclusion The week December 22–26, 2025 presents multiple swing trading opportunities across sectors such as metals, banking, auto, and specialty chemicals. While large-cap stocks offer stability, mid- and small-cap stocks provide momentum-driven setups for aggressive traders. As always, discipline, patience, and risk control will determine trading success more than predictions. Disclaimer This analysis is prepared by Dhwani Patel (SEBI Registered Research Analyst – INH200006608).All information 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.

Indian equity markets enter the December 22 session on a stronger footing, supported by improving technical signals and firm options positioning. After a volatile phase last week, benchmarks have shown resilience by defending key supports and negating recent bearish structures. According to market expert Dhwani Patel, the broader setup now reflects strengthening bullish momentum, though traders should continue to track resistance levels closely. Low volatility and rising risk appetite suggest the possibility of sharper intraday moves. Nifty 50 Technical Outlook Current Level: 25,966 The Nifty 50 formed a bullish candle after a gap-up opening, with small upper and lower shadows—indicating positive sentiment despite intraday volatility. Importantly, the index invalidated the lower high–lower low structure seen over the previous four sessions. The benchmark successfully defended the 50-day EMA and the rising support trendline. It also closed above short-term moving averages and broke past the falling resistance trendline, signalling a shift in market structure. Momentum indicators are turning supportive: Overall, these signals point toward strengthening bullish bias. Key Levels for Nifty 50 Resistance (Pivot-Based): Support (Pivot-Based): Sustaining above 25,904 keeps the upside intact, while a move beyond 26,016 could open further room for gains. Bank Nifty Technical Outlook Current Level: 59,069 Bank Nifty traded within the previous session’s range and formed a Doji-like candlestick, following an inverted hammer pattern earlier—highlighting indecision at higher levels. The index continues to hold above the rising support trendline but closed marginally below the 10- and 20-day EMAs, even as volumes remained above average. This suggests cautious participation rather than aggressive selling. Momentum indicators show gradual improvement: This combination indicates cautious optimism, with confirmation needed through price action. Key Levels for Bank Nifty Resistance (Pivot-Based): Support (Pivot-Based): Fibonacci Resistance: Fibonacci Support: Nifty Options Data – Weekly Expiry Call Options Activity The 26,000 strike holds the highest Call open interest at 1.29 crore contracts, making it a crucial resistance zone. Other notable levels include: Fresh Call writing was seen at: Maximum Call unwinding occurred at: Nifty Put Options Activity On the Put side, the 25,900 strike carries the maximum Put open interest at 1.3 crore contracts, acting as a strong support area. This is followed by: Put writing was highest at: Maximum Put unwinding was observed at: Bank Nifty Options Data – Monthly Expiry Call Options Activity The 59,500 strike holds the highest Call open interest at 18.02 lakh contracts, emerging as a key resistance. Other levels include: Fresh Call writing was concentrated at: Maximum Call unwinding was recorded at: Bank Nifty Put Options Activity The 59,000 strike has the highest Put open interest at 13.98 lakh contracts, followed by: Put writing was strongest at: Put unwinding was highest at: Put-Call Ratio (PCR) The Nifty Put-Call Ratio jumped to 1.13, up sharply from 0.83 in the previous session. A PCR above 1 reflects increased Put writing relative to Calls, typically signalling strengthening bullish sentiment and growing confidence among traders. India VIX India VIX declined further by 1.91% to 9.52, marking an all-time closing low and extending its downtrend for the fourth straight session. While such low volatility supports bullish undertones, it also raises the probability of sudden sharp moves, making risk management essential. Conclusion The trade setup for December 22, 2025, indicates renewed bullish strength, supported by improving technical indicators, strong Put writing, and a rising PCR. As highlighted by Dhwani Patel, sustaining above key support zones will be crucial for the rally to extend, while resistance near higher levels may invite short-term profit booking. Traders are advised to remain disciplined and trade with clearly defined levels amid low-volatility conditions.

Market Overview Indian equity markets showed tentative signs of stabilisation in the previous session after recent weakness. Both benchmark indices attempted a recovery during intraday trade but struggled to sustain higher levels. According to market experts such as Dhwani Patel, the current setup reflects a phase of consolidation where selective buying may emerge, but confirmation through momentum indicators is still awaited. With volatility at historically low levels and options data indicating mixed positioning, traders should remain cautious and focus on clearly defined support and resistance zones. Nifty 50 Technical Outlook Current Level: 25,816 The Nifty 50 formed a bullish candle on the daily chart, featuring a long upper shadow and a small lower shadow. This structure resembles an inverted hammer–type formation, which is often associated with a potential reversal after a decline, though it does not qualify as a textbook pattern. The index continues to oscillate between short-term and medium-term moving averages on a closing basis, reflecting indecision. Despite the bullish candle, momentum indicators remain under pressure. The RSI declined further to 46.37, staying below the neutral mark, while the MACD moved closer to the zero line with continued weakness in the histogram. Overall, the setup suggests cautious optimism, but upside momentum remains limited unless key resistance levels are decisively crossed. Key Levels for Nifty 50 Resistance (Pivot-Based): Support (Pivot-Based): A sustained move above 25,924 could improve sentiment, while a breakdown below 25,706 may invite renewed selling pressure. Bank Nifty Technical Outlook Current Level: 58,913 Bank Nifty also formed a bullish candle with a long upper shadow, indicating that selling pressure may be easing. The index attempted to reclaim the 20-day EMA during intraday trade and managed to close above the previous session’s low. Importantly, Bank Nifty held above its rising support trendline, suggesting underlying demand at lower levels. However, momentum indicators continue to reflect weakness. The RSI slipped to 49.58, while the MACD remained below its reference line, with the histogram showing further deterioration. This points to tentative stabilisation rather than a confirmed reversal. Key Levels for Bank Nifty Resistance (Pivot-Based): Support (Pivot-Based): Fibonacci Resistance: Fibonacci Support: Nifty Options Data – Weekly Expiry Call Options Activity The 26,000 strike continues to hold the highest Call open interest at 1.27 crore contracts, making it a key near-term resistance. Other notable Call OI levels include: Fresh Call writing was observed at: Maximum Call unwinding occurred at: Nifty Put Options Activity On the Put side, the 25,500 strike holds the maximum Put open interest at 74.18 lakh contracts, acting as a strong support zone. This is followed by: Put writing was highest at: Maximum Put unwinding was seen at: Bank Nifty Options Data – Monthly Expiry Call Options Activity The 59,500 strike holds the maximum Call open interest at 18.32 lakh contracts, emerging as a strong resistance level. This is followed by: Fresh Call writing was observed at: Maximum Call unwinding was recorded at: Bank Nifty Put Options Activity The 59,000 strike holds the highest Put open interest at 12.83 lakh contracts, followed by: Put writing was strongest at: Put unwinding was highest at: Put-Call Ratio (PCR) The Nifty Put-Call Ratio rose to 0.83, compared to 0.77 in the previous session. A rising PCR indicates increased Put selling relative to Calls, often signalling improving confidence and a gradual shift toward bullish sentiment. However, the ratio remains below 1, suggesting optimism is still moderate rather than aggressive. India VIX India VIX declined for the third straight session, falling 1.32% to 9.7, marking a fresh closing low. Such low volatility typically favours bulls in the short term but also raises the risk of a sudden, sharp move in either direction. Conclusion The trade setup for December 19, 2025, points toward early stabilisation with cautious undertones. While candle structures on both Nifty and Bank Nifty hint at a possible reversal, weak momentum indicators and heavy resistance overhead suggest traders should remain selective and disciplined. As highlighted by Dhwani Patel, confirmation through sustained price action above key resistance levels will be crucial before adopting an aggressive bullish stance. Disclaimer This analysis is prepared by Dhwani Patel (SEBI Registered Research Analyst – INH200006608).All information 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.

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.