Nifty Analysis by Angel One

Nifty Technical analysisNifty Analysis by Angel One

For December 18, 2025 


Nifty write up by Osho Krishan, Chief Manager -Technical and Derivative research at Angel One

Across board sell-off squeezed Nifty between 20 & 50 DEMAs

The Indian equity markets began the session on a flat note, responding to mixed signals from global peers. However, the bears dominated the market from the early hours, maintaining pressure throughout the day. Ultimately, the benchmark index ended another session in the red, closing around 25800, with a modest but consecutive decline of 0.16 percent.

The extensive sell-off, driven by ongoing foreign capital outflows and a depreciation of the Indian rupee, continues to exert pressure on overall market sentiment. From a technical standpoint, the Nifty50 index is currently situated between the 20-day and 50-day EMAs, with these averages converging, suggesting a potential shift in market direction in the forthcoming sessions. On the levels front, the support is seen around the 25750-25700 zone, coinciding with 50 DEMA and lows from the previous week, which has facilitated a rebound. A breakdown below the same could disrupt the near-term outlook. On the other hand, the 20 DEMA at 25950, followed by 26000 represents a sturdy hurdle and a sustained move beyond this could only provide a breather to market participants.

Going forward, it is prudent to remain vigilant about global developments that could serve as catalysts for our markets. Additionally, it is essential to monitor currency fluctuations that significantly impact intermediate sentiment. In the interim, it is advisable to refrain from taking aggressive market positions and to await the resolution of current uncertainties.

Key levels to watch

NIFTY

Support: 25700 – 25550

Resistance: 25950 – 26000 

BANKNIFTY

Support: 58800 – 58500

Resistance: 59200 – 59500

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Technical Analysis by Angel One