Nifty Outlook: Experts Predict Range-Bound Trade, Key Levels for Dec 26

• Nifty50 saw a consolidation session before Christmas, closing down 35 points at 26,142 amidst cautious investor sentiment and light volumes.
• IT stocks like Wipro, Infosys, HCL Technologies faced pressure due to H-1B visa changes, contributing to the index's decline.
• Most sectoral indices closed in red, with OIL/GAS, Pharma, and IT seeing steepest declines; Nifty Midcap 100 fell, while Smallcap gained.
• Rupee weakened against the dollar due to capital outflows and increased dollar demand, despite positive US jobless claims data.
• Experts foresee a range-bound Nifty due to holiday-induced low participation; key support at 26,000, resistance at 26,240-26,330.

Why It Matters: Nifty is expected to remain range-bound on Dec 26, with 26,000 as crucial support.