The current market texture is non-directional
Shrikant Chouhan,
Head, Equity Research,
Kotak Securities
Mumbai, 30 December 2025: Today, the benchmark indices witnessed range-bound activity. The Nifty ends 3 points lower, while the Sensex was down by 20 points. Among sectors, the Metal index outperformed, rallied 2 percent, whereas the Tourism index lost the most, shed nearly 1 percent. Technically, on intraday charts, the market witnessed non-directional activity, and on daily charts, it has formed a small candle, indicating indecisiveness between the bulls and the bears.
We are of the view that the current market texture is non-directional; perhaps traders are waiting for a breakout on either side. On the higher side, 26,000/85000 could be the crucial resistance zone for the bulls. Above this level, the market could bounce back to 26,100-26,150/85300-85500. On the flip side, below 25,870/84500, selling pressure is likely to accelerate. Below this level, the market could slip to 25,800-25,750/84200-84000.
For traders, the current market texture is non-directional; hence, level-based trading would be an ideal strategy for day traders.
Gaurav Garg, Research Analyst Lemonn Markets Desk, reports:
Indian equity markets recovered from early losses on Tuesday as value buying, particularly in auto and metal stocks, helped benchmarks regain ground amid thin year-end trade. The Sensex rebounded from an intraday low to move back above 84,700, while the Nifty recovered close to 25,950 after slipping below 25,900 earlier. Gains in Shriram Finance, Mahindra & Mahindra and Bajaj Auto offset weakness in select financials.
Positive Asian cues, a mildly stronger rupee and strong November IIP growth supported sentiment, though FII outflows and higher crude prices capped upside. With weekly and monthly derivative expiry adding to intraday volatility, markets remain cautious, awaiting clearer direction in the new year.
