Nifty outlook for December 31
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Moneycontrol30-12-2025, 17:24

Nifty Doji Signals Bullish Comeback; Bank Nifty Snaps 3-Day Losing Streak

  • Nifty 50 formed a Doji-like candlestick pattern after weakness, signaling potential bullish comeback.
  • Nifty took support at an upward-sloping trendline despite a four-day downtrend, closing flat amid volatility.
  • Bank Nifty outperformed, rising 239 points to 59,171, snapping a four-day losing streak on above-average volumes.
  • Nifty's immediate resistance is 26,000-26,100, with support at 25,850-25,800.
  • Bank Nifty faces resistance near 59,550, while support lies in the 58,700-58,800 zone.

Why It Matters: Nifty's Doji formation hints at a bullish reversal, while Bank Nifty shows strong recovery.

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