The intraday market texture is non-directional, perhaps traders are waiting for a breakout on either side.
Shrikant Chouhan,
Head Equity Research,
Kotak Securities
Mumbai, 18 December 2025: Today, the benchmark indices witnessed a volatile trading session. After a roller coaster activity, the Nifty ended 3 points lower, while the Sensex was down by 78 points. Among sectors, the Capital Market index outperformed today, rallying over 2 percent, whereas the Media index lost the most, shedding 1.40 percent.
Technically, after a muted open, the market bounced back sharply, but once again, it registered profit booking at higher levels, which is largely negative. We believe that the intraday market texture is non-directional; perhaps traders are waiting for a breakout on either side.
For the bulls, 25,900/84800 would act as an immediate resistance zone. If it manages to trade above this level, then it could move up to 26,000-26,050/85000-85300. On the flip side, 25,750/84300 and 25,700/84100 would act as key support zones. Below 25,700/84100, selling pressure is likely to accelerate. If the market falls below this level, the chances of hitting 25,575-25,550/83800-83700 would increase.
Gaurav Garg, Research Analyst Lemonn Markets Desk, adds:
Indian equity benchmarks ended lower for the fourth consecutive session on Thursday, reflecting mixed global cues and selective sectoral pressure. The Sensex eased to 84,481.81, while the Nifty closed at 25,815.55. Asian markets were largely subdued, tracking overnight moves on Wall Street, where some profit-taking was seen in technology and AI-related stocks.
In the domestic market, auto stocks witnessed some selling, while Brent crude hovered around $60 per barrel, keeping cost and inflation considerations in focus. From a technical perspective, the Nifty is trading near recent support levels, with market direction likely to remain range-bound in the near term unless a decisive breakout or breakdown emerges.
