Nifty consolidation continues; 25,700 support crucial, Bank Nifty recovers.

markets
M
Moneycontrol•10-12-2025, 08:23
Nifty consolidation continues; 25,700 support crucial, Bank Nifty recovers.
- •Nifty fell 0.50% on Dec 9; momentum indicators suggest consolidation. Support at 25,700 is crucial; breaking it could lead to 25,500, while holding above it could target 26,000-26,200.
- •Nifty's daily chart shows a bearish candle and lower-high, lower-low structure, with RSI at 47.08 and MACD maintaining a bearish crossover, indicating continued short-term weakness.
- •Bank Nifty formed a bullish candle, closing flat above 20 DEMA and Bollinger Band midline, suggesting cautious positivity despite MACD's persistent bearish crossover.
- •India VIX fell 1.55% to 10.95, favorable for bulls. Nifty Put-Call Ratio (PCR) rose to 0.86 from 0.64, indicating a shift towards bullish sentiment.
- •Bandhan Bank and Samman Capital remain on the F&O ban list; Kaynes Technology India has been removed. No new stocks were added to the ban.
Why It Matters: Market cues indicate Nifty consolidation; key levels will determine future trends.
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