Nifty prediction for today, Friday: Long positive candle on chart; check support, resistance, OI data, PCR

Written by: Abhinav Ranjan
Updated Dec 12, 2025 09:00 IST
Nifty prediction For Today, Friday: Indian stock market indices snapped their three-day losing streak on Friday (December 11) to settle nearly 0.5 per cent higher after Wall Street strengthened post the Fed policy outcome. Following initial volatility, the Nifty 50 index moved northward and closed near the day’s peak, at 25,898.55, up 140.55 points or 0.55 per cent. During the day, the index made a low and a high of 25,693.25 and 25,758, respectively. The BSE Sensex surged 426.86 points or 0.51 per cent to finish weekly expiry session at 84,818.13.
Most sectors participated in today's rebound, with auto, metals and pharma leading the gains. The Nifty Auto and Metal gained more than 1 per cent each while Pharma climbed 0.98 per cent. The Nifty Bank index, which tracks the movement of 12 listed banks, added 249.45 points or 0.42 per cent to settle at 59,209.85.
The broader markets also saw relief, with both midcap and smallcap indices advancing close to 1 per cent. India VIX, the fear gauge index, declined by more than 4.50 per cent to sit at 10.40, indicating stable sentiment in the market despite the ongoing consolidation.
Top Gainers, Losers
In the Nifty 50 pack, 39 stocks gained while 11 declined. Adani Enterprises, Jio Financial Services, Tata Steel, Eternal and Kotak Mahindra Bank jumped more than 2 per cent each. Dr Reddy's, Grasim Industries, Cipla, Shriram Finance, Maruti, Sun Pharma, UltraTech Cement, Tech Mahindra, Max health, Trent, TMPV and HDFC Bank surged more than 1 per cent each.
On the other hand, Asian Paints, SBI Life, Airtel, Power Grid, ONGC, Bajaj Finance, ICICI Bank, Axis Bank, Apollo Hospitals, ITC and Bajaj Finserv were the losers.
FII, DII Activity
Meanwhile, Foreign Institutional Investors (FIIs) remained the net sellers of equities worth Rs 2,020.94 crore on Thursday while Domestic Institutional Investors (DIIs) bought stocks worth Rs 3,796.07 crore, according to the exchange data.
Ajit Mishra – SVP, Research, Religare Broking, said that it may be premature to celebrate the rebound. A sustained move above the first key resistance of 20-DEMA around 25,950 is essential to confirm further recovery. If Nifty fails to cross 25,950, it will trigger renewed profit-taking.
The analyst recommended closely tracking the performance of banking and IT sectors, which will be crucial for market direction.
Nifty Support, Resistance Today
Nifty breached its 50-DEMA support within the first half hour of trade but staged a strong rebound, recovering nearly 229 points from the early morning low of 25,693.25.
Rupak De, Senior Technical Analyst at LKP Securities, said that Nifty slipped below the previous day's low, while on the upside it faced resistance at the 21EMA on the daily chart. This reflects an underlying bearish market structure, where the index struggles to move above resistance but easily breaches support levels.
In the short term, 25,700 is likely to act as support for Nifty. A decisive break below 25,700 will give bears the upper hand. On the higher side, unless Nifty moves above 26,000, caution and fear may continue to dominate market sentiment, the analyst said.
NSE cash market turnover declined 17 per cent from the previous session, marking its lowest level in four months.
Nifty 50-DEMA
According to Nandish Shah, Deputy Vice President, HDFC Securities, said that Nifty has been consistently testing and attempting to hold the 50-DEMA over the past three sessions, currently placed at 25,735, indicating a phase of consolidation around this key support zone. A decisive move below 25,735 will trigger further downside towards the next support levels at 25,663 and 25,450.
"On the upside, the 20-DEMA at 25,956 is likely to act as immediate resistance for Nifty, while 26,202 remains a positional hurdle for the bulls," the market expert said.
Aakash Shah, Technical Research Analyst at Choice Equity Broking, said that Nifty has immediate resistance now placed in at 26,000-26,050 and a decisive breakout above this region will open the pathway toward 26,150–26,300. Nifty has key support at 25,750 and 25,800 where buyers have consistently stepped in.
Nifty 50 Chart Candlestick
On the daily chart, Nifty has formed a long positive candle. The index has almost erased the loss of previous session.
Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said that positive divergence was seen in Nifty's intraday chart and the daily chart indicates possible short term reversal formation on the upside.
"The market is in an attempt of reversing its short term down trend. Further sustainable upside from here could confirm crucial bottom reversal pattern. Hence, a decisive move above the hurdle of 25950-26000 levels could possibly open the next upside towards 26250-26300 levels in the near term. Immediate support is placed at 25750," the analyst said.
Nifty OI Data, PCR
On the derivatives front, heavy CALL writing was observed at 25,900 and 26,000 strikes. On the other hand, a significant PUT contracts were added at 25,800 and 25,700 which signals that Nifty could remain in a tight trading range for the near term.
Nifty's Put-Call Ratio (PCR) has risen to 0.84 from 0.54, signalling heightened caution and defensive positioning.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)