Morning Action @ 7:00 AM — Friday, December 12th 2025.

A bullish trading session appears likely for benchmark Nifty, with the street poised to join the conga-line rising stock markets across the globe.

The bullishness, joy and optimism shall prevail thru the close with bright chance Nifty reclaiming 26000 and setting its sight on its all-time-high at 26326 mark.

Long Story Short: Nifty looks set to end the day with a bang!

# 7:00 AM GLOBAL UPDATE:
GIFT Nifty: (+113, 26140)
Dow Futures: (+95, 48799)
Nasdaq 100 Futures (+231, 25761)

Nikkei (+466, 50615)
Hang Seng (+231, 25761)

Dow Jones (+646, 48704)
Nasdaq Composite (-60, 23594)
Bovespa (+114, 159189).

# MARKET TRENDS:
Global cues: Positive
FII: (-2020.90 crores)
DII: (+3796.10 crores)
Sentiment: Bullish
Market Breadth: Positive
Technicals: Rebound Play
F&O: 25500 - 26500 zone.

INDIA VIX 10.53 (-3.53%)
USD/INR Futures (December) (90.41)
NIFTY PCR (30th December) 1.03
Bank Nifty PCR (30th December) 0.87

# Nifty Outlook: Nifty is on track to reclaim its psychological 26000 mark after the Federal Reserve lowered interest rates for the third time in four months.

# WHAT TECHNICALS TELLS US ON NIFTY & BANK NIFTY:

NIFTY (CMP 25899):
SUPPORT: 25689/25318
RESISTANCE: 26203/26326
RANGE: 25850-26150
BIAS: Positive
21 DMA: 26017
50 DMA: 25717
200 DMA: 24705

SENSEX (CMP 84818)
SUPPORT: 84150/82670
RESISTANCE: 85797/86200
RANGE: 84500-85500
BIAS: Positive
21 DMA: 85099
50 DMA: 84005
200 DMA: 81006

BANK NIFTY (CMP 59209)
SUPPORT: 58700/58100
RESISTANCE: 59800/60200
RANGE: 58700-60000
BIAS: Positive
21 DMA: 59184
50 DMA: 58054
200 DMA: 55176

WHAT HAPPENED AT WALL STREET IN OVERNIGHT TRADE:

# The Dow Jones and S&P 500 both logged record closes in overnight trade, powered by upbeat sentiment following

1) The Federal Reserve’s rate cut
2) Gowing optimism about the strength of the US economy.

# Interestingly in Thursday’s trade, the US investors rotated out of richly valued tech stocks and shifted into cyclicals and beaten-down value names after the Fed cut rates by 25 bps to 3.50%–3.75% and signalled a conditional path for further easing.

As on Thursday’s closing bell, the Dow Jones Industrial Average was up 1.3% to 48,704, a new all-time closing high, and the broader S&P 500 came back from a negative open to post a 0.2% gain to 6,901, also a new all-time closing high. The tech-heavy Nasdaq Composite recovered from its intraday lows but shed only 0.3% to 23,593.

# Gold prices ($4275 per ounce) gained, flirting with October highs as the Fed delivered the expected 25 basis point cut and Chair Powell’s remarks were read as modestly dovish and importantly, pushed traders to lift the probability of further easing,

Meanwhile, gold is up nearly 62% this year and pacing toward its strongest annual performance since 1979.

# WTI crude oil futures ($58.35) traded with negative bias, hovering near a seven-week low, as the market focused on expectations of a growing global glut driven by rising output from OPEC+ and producers across the Americas.

# STOCK MARKET NEWS:

# Before we start, a recap of yesterday’s trading:
Nifty ended with modest gains in yesterday’s trade and most importantly, snapped its 3-day losing streak. Bank Nifty too was seen mirroring Nifty’s rebound action

# The Biggest theme for the day?
The US Fed rate cut has boosted equity sentiment globally. That optimism helped Indian markets snap their three-day losing streak in yesterday’s trade.

A lower US policy rate typically improves global risk appetite. For emerging markets like India, this means stronger foreign inflow potential, a healthier rupee, and better liquidity.

The improved US growth outlook also supports export-oriented sectors, especially IT, adding further tailwinds.

Ideally, when US rates fall, global investors rotate capital toward higher-yielding markets — making India a natural beneficiary.

# THE 2-KEY SENTIMENT DAMPENER:

1) Rupee weakness against USD continues to be on front pages as it weakens near 90.41/USD.
2) Relentless FII Selling: FY-26 Till Date, FII outflows have swollen to ₹1,50,960 crore.

# ANY STOCK/SECTOR SPECIFIC THEME?
Vodafone Idea’s share price has scaled to its 52-week high and has rebounded sharply from its 52-week low of ₹6.12 in August 2025, climbing over 82% to levels to CMP ₹11.30.

The theme revolves around the company likely to receive some meaningful relief or a structured debt-reduction plan (or government support).

Vodafone Idea is actively expanding its 4G/5G footprint, including in key regions like NCR and others, which supports long-term competitiveness. (Source: Economic times)

# The Next Big Question: The street is now focused on November retail inflation data for India to be wired today, Friday, December 12, 2025 — expected to tick up to 0.7% but remain within the RBI’s target band for the tenth consecutive month—keeping hopes alive for further rate cuts.

# What Technicals Tells Us On Nifty:
Technically, Nifty’s near-term setup has improved significantly after yesterday’s rebound with aggressive intermonth targets at its all-time high of 26,326, with buy on dips as preferred strategy.

The crucial or make-or-break support is placed at Nifty 25,703 mark, the line in the sand — a breakdown below this level could accelerate downside pressure.

# Bottom-line: In this less-hawkish (even mildly dovish) Fed environment, Nifty has a realistic chance of closing above the 26,000 mark.

# STOCKS IN SPOTLIGHT:

1) Vodafone Idea (+5.04%, 11.26)

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

2) Shakti Pumps (India) (+12.33%, 619)

Shakti Pumps (India) surged after receiving a letter of empanelment from MSEDCL to install off-grid DC solar photovoltaic water-pumping systems across Maharashtra.

3) Seamec (+3.25%, 1049.40)
Seamec gained after its subcontractor, G R Infraprojects, secured an ONGC contract for the charter hire of the vessel Seamec III.

(source: Capitalmarket, Business Standard, Moneycontrol)

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

Nifty (25899): Buy at CMP. Stop 25591. Targets 26000/26203. Aggressive targets at 26325-26500 zone.

Bank Nifty (59210): Buy at CMP. Stop at 57901. Targets 59800/60200. Aggressive targets at 60550-50900 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 GRASIM (2811): Buy at CMP. Stop at 2677. Targets 2901/2990. Aggressive targets at 3151. (Interweek Strategy). Rationale: Breakout Play from a probable Flag Pattern on the long term term charts. Signalling a massive breakout on the upside. Key interweek support 2683. Major hurdles only at 2990 mark. Momentum oscillators are on the buy side. 200-DMA at 2720.

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