Nifty Rebounds, Santa Rally Possible? Key Levels to Watch for December 22

• Nifty snapped a four-day losing streak, gaining 150 points to close at 25,966 on December 22, driven by strong global cues.
• Despite the daily rebound, Nifty recorded its third consecutive weekly loss, slipping 0.31%.
• Realty, Auto, and Healthcare sectors led the rally, with broader markets (Nifty Midcap 100, Nifty Smallcap) outperforming benchmarks.
• Indian rupee appreciated sharply by 97 paise to 89.27 against the dollar, becoming the best-performing Asian currency.
• Technical analysts suggest a sustained move above 26,000-26,050 could push Nifty towards 26,300, with strong support at 25,700. A Santa rally is possible.

Why It Matters: Nifty rebounded strongly, but weekly losses persist; a Santa rally is eyed with key resistance at 26,000.