Nifty Consolidates, Eyes 26,300; Bank Nifty Cautiously Positive

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Moneycontrol•24-12-2025, 09:07
Nifty Consolidates, Eyes 26,300; Bank Nifty Cautiously Positive
- •Nifty continues uptrend, consolidating before targeting 26,300-26,400; immediate support at 26,000, resistance at 26,200.
- •Technical indicators like EMA, RSI, and MACD suggest a positive underlying trend for Nifty despite recent consolidation.
- •Bank Nifty shows indecision but maintains higher top-higher bottom formation, indicating a cautious yet positive outlook.
- •India VIX hits a new record low of 9.38, easing market volatility, while Nifty's Put-Call Ratio at 1.14 signals bullish sentiment.
- •Samman Capital remains in the F&O ban list; Bandhan Bank has been removed.
Why It Matters: Market consolidation expected, Nifty targets 26,300-26,400 with strong support at 26,000.
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