Weekly market wrap by Amol Athawale
Amol Athawale is VP-Technical Research, Kotak Securities
🕗 Last Update: 7 December 2025, 8.00 AM
For the week commencing on December 08, 2025
In the last week, the benchmark indices witnessed a roller-coaster activity. The Nifty ended 0.08 percent lower, while the Sensex was down by 5 points. Among sectors, the IT index outperformed, rallying 3.30 percent, whereas the Nifty Tourism index lost the most, shedding 3.40 percent. During the week, the market registered profit booking at higher levels. However, after a short-term correction, it found support near the 20-day SMA (Simple Moving Average), and on last Friday, it bounced back sharply. Technically, on daily charts, it has formed a promising reversal pattern and is currently trading comfortably above the 20-day SMA, which is largely positive.
For positional traders, 26,000/85000 and 25,900/84700 would act as key support zones. As long as the market is trading above these levels, the bullish sentiment is likely to continue. On the higher side, 26,300/85900 would serve as an immediate resistance level for the bulls. A successful breakout above 26,300/85900 could push the market up to 26,500/86500. Conversely, a breach below 25,900/84700 could change the sentiment. Below this level, the index could retest the levels of 25,750-25,700/84200-84000.
For Bank Nifty, the higher bottom support is placed near 59,000. Above 59,000, it could rally up to 60,200. Further upside potential may also lift the index up to 60,500. However, if it falls below 59,000, the uptrend would become vulnerable.
- Market Analysis by Nagaraj Shetti
- Stock Market today by Vaishali Parekh
- Analysis by Kotak Securities
- Market Analysis by HDFC Securities
- Technical Analysis by Kotak Securities
- Technical Analysis by Samco Securities
Amol Athawale is the Vice President – Technical Research at Kotak Securities Ltd., known for his deep expertise in technical chart analysis and derivatives strategy.
He has over 18 years of experience in equity markets, specializing in identifying short-term trading opportunities using trend and momentum indicators.
His market commentaries and trading insights are widely followed by investors and media houses for their accuracy and clarity.
Amol is a regular contributor to financial publications and TV channels, offering actionable views on Nifty, Bank Nifty, and sectoral trends.
He focuses on support–resistance mapping, candlestick formations, and positional setups for traders and short-term investors.
His balanced approach — combining technical precision with market psychology — makes him one of the most respected voices in Indian market analysis.
