Nifty Trading Plan for December 16
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Moneycontrol16-12-2025, 03:19

Nifty 50, Bank Nifty Consolidate; Eyeing Break Above Monday's Highs

  • Nifty 50 is consolidating, with 26,000–26,050 as a crucial resistance zone for an upward move towards 26,200–26,300. Key support is at 25,700.
  • Bank Nifty needs a sustainable close above 59,500 to target 59,800–60,000, with 59,000 acting as critical support.
  • Experts recommend buying Nifty Futures above 26,050 or 26,150, or on dips near 26,000, with targets up to 26,400.
  • For Bank Nifty, strategies include buying futures near 59,000 or 59,500, or above 59,800, targeting 60,000 or 60,500.

Why It Matters: This provides key insights for Nifty 50 and Bank Nifty trading decisions.

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