Nifty Analysis by Angel One
For December 05, 2025
Nifty write up by Rajesh Bhosale, Equity Technical Analyst, Angel One.
Profit-booking dragged Nifty towards 26000 mark
The Indian equity markets commenced trading on a negative trajectory, marked by a gap down in the benchmark index, backed by global trends and the momentum observed in the previous trading session. Eventually, the Nifty50 index witnessed a steady plunge but managed to conclude the day above the 26000 mark, eroding 0.55 percent.
The absence of bullish activity has been evident in recent trading sessions, characterized by a lack of substantial buying on market dips. This trend suggests that profit-taking may be occurring following a significant rally. From a technical standpoint, the overall market structure remains constructive, with the Nifty50 index holding above its short-term moving averages. In terms of key levels, the subzone of 26000-25950 is expected to provide support against potential declines, while the critical support level, marked by a bullish candle, is around 25850. Conversely, intermediate resistance is identified around 26200, followed by a more formidable barrier at 26325. The overall market outlook remains bullish, with declines likely presenting favorable opportunities for buyers.
Going ahead, market participants are advised to maintain firm risk management and exclusivity in stock selection while volatility persists. Additionally, it is recommended to stay vigilant with the global developments, which may act as catalysts for the domestic market.
Key levels to watch
NIFTY
Support: 26000 – 25950
Resistance: 26200 – 26325
BANKNIFTY
Support: 59000 – 58800
Resistance: 59600 – 59800
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