Nifty, Bank Nifty Outlook for Dec 29: Key Levels, Options Data & Trading Strategy

• Nifty 50 extended its downward move, falling 0.38%, but defended short-term moving averages; market expected to remain rangebound amid low volumes.
• Nifty key support is 26,000–25,950, resistance 26,100–26,150; trading range 25,950–26,300. Bearish candle formed, indicating weakness.
• Bank Nifty formed a bearish candle, sustained below short-term moving averages, indicating weakness and limited upside until key resistance levels are reclaimed.
• Nifty max Call OI at 26,200 (resistance), max Put OI at 26,000 (support). Bank Nifty max Call OI at 59,500 (resistance), max Put OI at 59,000 (support).
• Nifty Put-Call ratio dropped to 0.76, signaling a bearish mood. India VIX at 9.15 indicates low volatility. Sammaan Capital retained in F&O ban.

Why It Matters: Market shows cautious sentiment for Dec 29, Nifty rangebound with bearish indicators.