Morning Action @ 7:00 AM — Monday, December 15th 2025.

A volatile start looks likely, though the benchmark Nifty may stabilise at lower levels.

Investor sentiment remains supported by expectations of further US Fed rate cuts next year. Fresh signs of cooling in the US labour market reinforce the view that the Federal Reserve could deliver two rate cuts in 2026.

Against this supportive backdrop, Nifty bulls may shrug off global weakness, allowing optimism to resurface. The street suspect, there is a fair chance Nifty closes above the 26,000 mark once again, with eyes gradually shifting toward its all-time high of 26,326.

Long story short: Bulls are likely to regroup on dips — buy-the-dips remains the mantra for the day.

# 7:00 AM GLOBAL UPDATE:
GIFT Nifty ????????: (-110, 26025)
Dow Futures: (+123, 48581)
Nasdaq 100 Futures (+16, 25212)

Nikkei (-602, 50235)
Hang Seng (Closed, 25977)

Dow Jones (-246, 48458)
Nasdaq Composite (-399, 23195)
Bovespa (+1577, 160766).

# MARKET TRENDS:
Global cues: Negative
FII: (-1114.20 crores)
DII: (+3868.90 crores)
Sentiment: Risky
Market Breadth: Neutral
Technicals: Consolidation
F&O: 25500 - 26500 zone.

INDIA VIX 10.11 (-2.81%)
USD/INR Futures (December) (90.44)
NIFTY PCR (30th December) 1.06
Bank Nifty PCR (30th December) 0.90

# Nifty Outlook: Brace for a session clouded by weak sentiment and downside bias, as the market tone remains distinctly pessimistic — Caution should prevail on any excessive strength.

# WHAT TECHNICALS TELLS US ON NIFTY & BANK NIFTY:

NIFTY (CMP 26047):
SUPPORT: 25901/25693
RESISTANCE: 26203/26326
RANGE: 25850-26150
BIAS: Neutral
21 DMA: 26025
50 DMA: 25746
200 DMA: 24721

SENSEX (CMP 85268)
SUPPORT: 84888/84150
RESISTANCE: 85797/86200
RANGE: 84700-85700
BIAS: Neutral
21 DMA: 85137
50 DMA: 84105
200 DMA: 81053

BANK NIFTY (CMP 59390)
SUPPORT: 58700/58100
RESISTANCE: 59900/60200
RANGE: 58700-59700
BIAS: Neutral
21 DMA: 59232
50 DMA: 58149
200 DMA: 55225

# STOCK MARKET NEWS:

# Before we start, a recap of Friday’s trading:
The positive takeaway from Friday’s trade was that Nifty reclaimed the 26,000 mark amidst the 2-Big Positive Catalysts:

1) Strength flowing in from a powerful global market rally.

2) Growing optimism that an India–US trade deal may soon be finalised.

# Benchmark Indices as on Friday’s close:
NIFTY (+148, 26047)
SENSEX (+450, 85268)
BANK NIFTY (+180, 59390)

# THE 3-KEY SENTIMENT DAMPENER:
1) Rupee weakness against USD continues to be on front pages as it weakens near 90.44/USD.
2) Relentless FII Selling: YTD FII outflows have swollen to ₹1,52,000 crore.
3) Nosediving Wall Street in Friday's trade.

# The 2-Positive Catalysts in the Backdrop:
1) The Fed cut rates by 25 bps to 3.50%–3.75%.
2) RBI’s 25 bps rate cut.

# The Biggest debate: AI Boom or AI Bust?
The street’s concern is that even if AI works, and even if it gets adopted very fast, it might not make profit.

# What Technicals Tells Us On Nifty:
Technically, Nifty’s near-term setup remains fragile as long as it hovers below the all-time high of 26,326, with sellers actively capping every bounce.

While bears continue to dictate momentum, the crucial support at 25,693 remains the line in the sand — a breakdown below this level could accelerate downside pressure.

# Bottom-line: An up-and-down session looks likely as overbought technicals, fading bullish momentum, persistent FII selling, a weakening INR, and the absence of major triggers collectively tilt the scales in favor of the bears.

Long Story Short: Nifty’s rally sits at a crossroads, facing stronger near-term headwinds. For now, the bears hold a slight tactical advantage.

Caution remains the watchword!

# STOCKS IN SPOTLIGHT:

In last week’s trade, 3 stocks commanding attention were:

1) Vodafone Idea (+7.78%, ₹11.64)

Vodafone Idea stock price zooms higher and sustains above FPO price, hit highest level since September 2024.

2) Delhivery (+1.9%, ₹412)
Delhivery shares gained amidst optimism around improving parcel volumes and logistics activity lifted sentiment in the stock.

3) InterGlobe Aviation (-9.5%, ₹4861),

InterGlobe Aviation, the operator of IndiGo, fell hard after the government directed the airline to trim 10% of scheduled flights following more than 2,000 cancellations last week

(source: Capitalmarket, Business Standard, Moneycontrol)

# Now, here is the preferred trade on Nifty and Bank Nifty:

Nifty (26047): Buy on dips between 25900-25950 zone. Stop 25591. Targets 26121/26203. Aggressive targets at 26325-26500 zone.

Bank Nifty (59390): Sell at CMP. Stop at 60501. Targets 58700/58100. Aggressive targets at 57135-57500 zone.

# Our chart of the day is bullish on CHOLAMANDALAM FINANCE, PONDY OXIDES & CHEMICALS, and DREDGING CORPORATION on any early excessive intraday weakness with an interweek/Intermonth perspective.

# The 1 Stock to Buy Right Now: Buy MANAPPURAM (288): Buy at CMP. Stop at 261. Targets 297/309. Aggressive targets at 323. (Interweek Strategy). Rationale: Momentum Play. Signaling a massive breakout on the upside. Key interweek support 263. Major hurdles only at 297 mark. The sequence of higher high/low is intact on weekly and monthly time-frames. 200-DMA at 258.

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