Morning Action @ 7:00 AM — Tuesday, December 9th 2025.

# Post the RBI’s rate cut, Dalal Street tried climbing the wall — but like Humpty Dumpty, Nifty had a great fall.

And just like in the rhyme, all the strong bulls’ efforts couldn’t stop Nifty from slipping hard and fast.

# Our Call of the Day: A wrecking ball is still dangling above the market — hinting that more downside, and possibly a damaging move, could be just around the corner.

# The Big Global Catalyst: The December Federal Reserve policy meeting kicks off on Tuesday, December 9, and wraps up on Wednesday, December 10. The Fed will deliver its latest interest-rate decision — a critical event for global markets.

# Powell in Focus: All eyes will also be on Fed Chair Jerome Powell’s press conference, which could turn into a high-volatility moment — especially after President Donald Trump indicated he plans to announce Powell’s replacement early next year, injecting fresh political drama into the central bank narrative.

# 7:00 AM GLOBAL UPDATE:
GIFT Nifty ????????: (-89, 25953)
Dow Futures: (+25, 47764)
Nasdaq 100 Futures (+72, 25700)

Nikkei (-75, 50507)
Hang Seng (Closed, 25765)

Dow Jones (-216, 47739)
Nasdaq Composite (-32, 23546)
Bovespa (+818, 158187).

# MARKET TRENDS:
Global cues: Negative
FII: (-655.60 crores)
DII: (+2542.50 crores)
Sentiment: Risky
Market Breadth: Negative
Technicals: Weakening Momentum
F&O: 25500 - 26500 zone.

INDIA VIX 11.12 (+7.85%)
USD/INR Futures (December) (90.26)
NIFTY PCR (30th December) 1.10
Bank Nifty PCR (30th December) 0.88

# Nifty Outlook: Caution should prevail on any excessive strength — and we suspect, all optimism and bullishness tumbled like nine pins.

# WHAT TECHNICALS TELLS US ON NIFTY & BANK NIFTY:

NIFTY (CMP 25961):
SUPPORT: 25701/25318
RESISTANCE: 26203/26326
RANGE: 25800-26100
BIAS: Negative
21 DMA: 26001
50 DMA: 25651
200 DMA: 24662

SENSEX (CMP 85103)
SUPPORT: 84763/84000
RESISTANCE: 85800/86200
RANGE: 84500-85500
BIAS: Negative
21 DMA: 85004
50 DMA: 83766
200 DMA: 80877

BANK NIFTY (CMP 59239)
SUPPORT: 58900/57157
RESISTANCE: 59800/60200
RANGE: 58600-59600
BIAS: Positive
21 DMA: 59039
50 DMA: 57783
200 DMA: 55026

WHAT HAPPENED AT WALL STREET IN OVERNIGHT TRADE:

Wall Street wraps Monday’s volatile session in red.

The Negative catalyst: While a Fed rate cut is widely expected this week, uncertainty is building around the Fed's future plans for monetary policy.

Meanwhile, traders are firming up their expectations: market pricing now indicates an 87% probability of a 25-bps rate cut at this week’s meeting, keeping global risk sentiment delicately poised

# Gold prices ($4191 per ounce) were in consolidative mode after prices reached a six-week peak. That said, mounting expectations of a US interest rate cut next week acted as positive catalyst.

Meanwhile, gold is up nearly 60% this year and pacing toward its strongest annual performance since 1979.

# WTI crude oil futures ($58.75) fell more than 2% to trade below $59 per barrel, nearing monthly lows pressured by a firmer dollar and fresh signs of softer fuel demand.

# STOCK MARKET NEWS:

# Market Recap:
Post RBI rate cut, Dalal Street tried to climb the wall but like Humpty Dumpty, Nifty had a great fall — and all the strong bulls’ efforts couldn’t keep Nifty from slipping sharply through-out the session.

All optimism and bullishness tumbled like nine pins.

1) Nifty snapped its 2-day losing streak.
2) Nifty ended below the psychological 26000 mark.

Bank Nifty (-0.90%) too mirrored Nifty’s fall as it snapped its 3-day wining streak.

# The 2-Big Questions:
What’s Next for Benchmark Nifty?

# Our Call of the Day: A wrecking ball is still dangling — signaling that a major, potentially damaging move could be just around the corner.

# The Key Catalysts Ahead:
Nifty’s next leg higher hinges on one catalyst — rate cuts from the Federal Reserve this December 10th. That could be the spark bulls need to reignite strong upside momentum.

# What Technicals Tells Us On Nifty:
Technically, Nifty’s near-term trend stays vulnerable as long as it trades below its all-time high of 26,326, with sellers defending every bounce.

Bulls Kneel and Pray as Bears Dominate — but Nifty’s 25,703 Support Still Holds the Key.

# The Biggest Headwinds:
1) Rupee weakness against USD continues to be on front pages as it weakens near 90/USD.
2) Relentless FII Selling: YTD FII outflows have swollen to ₹1,43,528 crore.
3) India-US trade deal still not yet finalised.
4) Profit Booking after RBI Rally. Markets rallied on the back of the RBI’s 25 bps rate cut, and traders are now unwinding long positions — a natural “cool-off” after a strong move.

# Post Putin’s India visit — How defence stocks are perfoming?

Defence stocks surrendered most of their gains which were built on excitement on backdrop of Vladimir Putin’s India visit.

The muted reaction suggests traders are factoring in renewed U.S. pressure on New Delhi to recalibrate its long-standing strategic ties with Moscow, as Washington pushes to advance a Ukraine peace framework.

# Bottom-line: An up-and-down session is quite likely as overbought technical conditions + fading bullish momentum + FIIs selling + Weaking INR + weak Wall Street cues +no new triggers = bears back in action.

# Long Story Short: Nifty’s rally is at a crossroads with stronger headwinds for now — For the moment, the bears appear to have the marginal advantage.

Caution is the buzzword!

# STOCKS IN SPOTLIGHT:

1) Britain pledges $2 billion loan guarantee for Jaguar Land Rover

Britain has stepped in to support Jaguar Land Rover (JLR) with a £1.5 billion (approx. $2 billion) loan guarantee, aimed at stabilising the automaker’s supply chain after a crippling cyberattack forced a production shutdown.

2) InterGlobe Aviation, the parent company of IndiGo, had slipped 9% in the week gone by.

In yesterday’s trade, Indigo stock price tumbled another 8.62% to 4907.50 levels amidst airline’s most severe operational disruptions in recent years. As per media reports, IndiGo is now sole operator on 60.4% of India's domestic air routes.

3) Ashoka Buildcon (+3.12%, 163.70) rallied after securing a ₹447.21-crore order from the Brihanmumbai Municipal Corporation (BMC) for ongoing flyover construction works on the Sion–Panvel Highway.

(Source: liveMint, Moneycontrol, business Standard)

# Our Chart of the Day is bearish on TITAN, HAL, and MAZGAON DOCK on any early excessive intraday strength with an interweek/Intermonth perspective.

# The 1 Stock to Sell Right Now: Sell Titan (3767): Sell at CMP. Stop at 3887. Targets 3703/3561. Aggressive targets at 3301. (Interweek Strategy). Rationale: Overbought technical conditions still prevail. Signalling a massive breakdown from a higher consolidation zone. Key interweek support 3561. Major hurdles only at 3821 mark. 200-DMA at 3483.

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