Exclusive Technical Analysis of the Market by Nagaraj Shetti
Senior Technical Research Analyst, HDFC Securities
🕗 Last Updated: 16 December 2025, 6.00 AM
🔔 Nifty Market Update – 17 December 2025
After showing a sustainable upside recovery from the lows on Monday, Nifty slipped into sharp weakness on Tuesday amidst weak global cues and closed the day lower by 167 points. After opening on a downside gap of 75 points, the market continued to slide lower in the early to midpart of the session. However, there was a minor recovery towards the end and Nifty finally closed at the lows.
A reasonable negative candle was formed on the daily chart, which signals an inability of bulls to surpass the key hurdle of 26000 levels. The negative chart pattern like lower highs and lows has formed on the daily chart and the Nifty seems to have formed a new lower top of the pattern at 26057 levels few sessions back.
The underlying trend of Nifty remains choppy with weak bias. The market is expected to slide down to its next support band of 25800-25700 levels in the short term. Any bounce back from here could find strong hurdle around 26000 levels.
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Stock recommendations by Nagaraj Shetti
Stock Recommendations by Nagaraj Shetti (HDFC Securities)
Senior Technical Analyst Nagaraj Shetti has identified a select group of stocks showing strong chart setups and momentum for short-term traders.
According to him, the near-term market structure remains supportive for selective long positions, especially in scrips showing breakouts above key resistance levels and higher-high formations on the daily chart.
Shetti recommends traders focus on stocks with rising volumes and bullish crossover patterns on the short- and medium-term moving averages.
He advises maintaining strict stop-loss levels and booking partial profits near resistance bands.
These recommendations are part of his latest weekly outlook published in Chanakya Ni Pothi, providing guidance on potential outperformers for the coming sessions.
