Nifty at a Crossroads: Key Hurdle to Shape Market’s Next Big Move

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Indian stock market outlook turns cautious-bullish as Nifty 26,200 resistance and 26,000 support define near-term trend

By S JHA

Mumbai, December 26, 2025 — Missing global cues due to Christmas holidays may launch the Indian markets on unchartered path, said analysts. Nifty’s failure to convincingly rise over psychological pivot of 26200 may stay as a roadblock, added market participants.

“We continue to expect Nifty to retest all-time highs and potentially create a fresh milestone in the near term. Such phases of consolidation or intraday dips should be viewed as healthy and as an opportunity to add on declines,” said Angel One in a note shared with clients after the market hours on Wednesday.

Global stock markets were closed on Thursday due to Christmas holiday. “The bullish gap zone around 26050–26000, which also coincides with the 20-DEMA, continues to act as immediate support,” added the Delhi-based brokerage.

It also stated that “26300–26350 remains the immediate resistance zone on the higher side, beyond which a fresh leg of upside is likely to unfold.”

Nifty on Wednesday slipped 43 points “amid long unwinding, led by weakness in pharma and IT stocks.” “The 26,200 strike saw notable call additions, while put writing at 26,000 defined a narrow trading range,” added the brokerage firm.

The analyst argued that “a break above 26,200 could trigger a continuation of the uptrend. The ongoing consolidation after a strong upmove remains healthy for the market structure.”

Angel One also alerted that “cement stocks remain in focus over the past few sessions and displayed notable relative strength on Wednesday. The reversal seen in key heavyweight names from crucial support levels indicates improving momentum, which is likely to continue in the near term.”

(This article makes no recommendation for any kind of trades in the stock market.)