Equity: Nifty Survives 10-EMA as Dip Buying Cushions Crash
Bombay Stock Exchange
From a technical standpoint, 25900-25850 is anticipated to cushion any shortcomings in the near period, followed by the sacrosanct support of 25750-25700 subzone.
By S JHA
Mumbai, December 15, 2025 — Tracing weak global cues with selloff in the US markets on Friday, Nifty dived deep on Monday morning in the early sessions. But bulls retrieved the 50-share index from the abyss. Analysts assert that the index is now stuck in a narrow trading range.
The FMCG stocks gave cushions to the indices amid selloffs in auto stocks on Monday. The IT stocks also provided stability to the market, while tracking further weakening of the rupee. The IT stocks are trending up amid falling rupee against the US dollar.
“From a technical standpoint, 25900-25850 is anticipated to cushion any shortcomings in the near period, followed by the sacrosanct support of 25750-25700 subzone,” said Angel One in a note on Monday. The brokerage argued that “on the flip side, 26150-26200 still stands as a sturdy hurdle and a definitive breach of this zone could facilitate a move towards new all-time highs of 26325 in the near future.”
“Nifty rebounded sharply from the day’s low near 25,905, closing over 100+ points off the bottom. Strong dip-buying helped the index reclaim and hold above the 10-EMA for the second consecutive session, stabilising near-term sentiment,” added the Delhi-based brokerage in its note sent to clients.
Analysts in the Angel One also argued that “the intraday structure now reflects higher lows, signalling improving demand at lower levels. Sectoral action remained mixed-FMCG outperformed, while Auto witnessed the maximum correction.”
“On the derivatives front, 2% OI reduction coupled with a 42-point fall in futures indicates long unwinding rather than fresh short build-up,” it added.
(Disclaimer: This article makes no recommendation for any kind of trades in the stock market)
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