Indian markets are expected to open higher at the start of the final trading week of 2025, despite mixed global cues. The GIFT Nifty points to a slightly positive start after the Nifty 50 extended its decline on December 26, slipping 0.38% and breaking the previous four-day higher high–higher low pattern.
Support and Resistance Levels:
The index was able to keep its short-term moving averages and analysts emphasized that being above the support zone of 26,000-25,950 is crucial. A drop below this point might trigger further selling; however, if the price remains in this range, Nifty could set its sights on 26,100-26,150 as its target. The trading range for the short term is expected to be between 25,950 and 26,300, with low volumes at the end of the year likely to keep the markets within this range.
Stocks to Watch:
- Defence sector: All eyes on the Defence Acquisition Council as it reviews proposals worth ₹80,000 crore.
- Coforge: Shares in focus after the company announced the acquisition of US-based engineering services firm Encora in a $2.35-billion all-stock deal.
Expert Insights:
Market experts suggest a cautious approach due to low volumes and record-low VIX levels. Rajesh Palviya, Senior VP – Research (Technical & Derivatives) at Axis Securities, and Feroze Azeez, Joint CEO at Anand Rathi Wealth, emphasized that Nifty’s ability to hold above 26,000 will dictate the market tone for the week.
