Nifty's Bullish Bias Intact for Dec 22: Key Support & Resistance Levels to Watch

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News18•20-12-2025, 14:11
Nifty's Bullish Bias Intact for Dec 22: Key Support & Resistance Levels to Watch
- •Nifty 50 closed at 25,966, Sensex at 84,929, with weekly losses limited by late buying despite macro concerns.
- •Gift Nifty indicates a potential gap-up opening for Monday, trading at 26,172, up 141 points.
- •Market sentiment was mixed due to global data, rupee weakness, and India-US trade deal uncertainty, but FPI inflows and rupee recovery provided support.
- •Technically, Nifty's bullish bias remains intact as long as it holds above key supports like 25,800-25,900 and 25,700.
- •Resistance levels are seen at 26,000-26,100, with a potential move to 26,300-26,500 if broken; Infosys ADR surged 38%.
Why It Matters: Nifty maintains a bullish outlook for Dec 22, supported by FPIs and technicals, despite mixed global cues.
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