Nifty Technical View for Monday, 29 December
by Paresh Gordhandas, CA & Research Analyst
đź•— Last Update: 29 December 2025, 7.00 AM
Nifty ended the previous session at 26,042.30, slipping 0.38% amid thin year-end volumes and short-term profit booking. While the short-term trend has turned mildly bearish, the medium- and long-term structure remains positive, indicating consolidation rather than trend reversal.
Trend & Moving Averages:
The index continues to trade above all key SMAs and EMAs, with the 20-DMA placed near 26,007 and the 50-DMA around 25,910, reinforcing underlying strength. The short-term weakness appears corrective in nature within a broader uptrend.
Momentum & Oscillators:
RSI at 52.97 suggests neutral momentum with no overbought stress. MACD remains above the signal line, reflecting positive medium-term momentum, though the negative momentum reading highlights short-term cooling. ADX at 11.6 confirms a non-trending, range-bound market, supported by nearly balanced DMI readings.
Volatility & Price Bands:
Nifty is trading near the middle Bollinger Band (26,007), with the lower band at 25,732 acting as a strong volatility support. Parabolic SAR at 25,755 continues to provide a downside cushion.
Key Levels for 29 December:
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Immediate Resistance: 26,120 – 26,200
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Major Resistance: 26,280 – 26,325 (52-week high zone)
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Immediate Support: 25,985 – 25,930
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Strong Support: 25,800 – 25,750
Outlook:
As long as Nifty holds above 25,900, the broader bias remains constructive with consolidation. A decisive move above 26,200 could revive upside momentum toward the 52-week high, while a dip toward 25,800 may attract positional buying interest.
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Nifty Technical Analysis: Latest Support, Resistance & Trading Strategy
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A combination of RSI, MACD, and support-resistance levels work best for Nifty. RSI shows momentum, while MACD helps confirm trend reversals or continuation.
Support and resistance levels are derived from previous highs and lows, Fibonacci levels, and price-action zones. These help in setting entry and exit points.
During high volatility, Nifty can offer strong intraday moves but carries higher risk. Use tighter stop-losses and smaller positions to manage risk effectively.
An RSI between 40 and 60 often indicates a good zone to accumulate if other indicators support the trend. RSI above 70 could mean overbought, while below 30 is oversold
MACD helps identify trend strength. A bullish crossover (MACD line above signal line) suggests upward momentum, while a bearish crossover may indicate a possible decline.
Yes, many traders use pure technical analysis for Nifty. However, combining it with macroeconomic news, global market trends, and FII/DII activity gives better accuracy.
