Pre-Market Outlook – 23.12.2025
The gap-up reinforced confidence; another gap-up may signal an ATH retest – The gap-up reinforced confidence, reflecting strong underlying buying interest and improving market sentiment. The index continues to trade above its immediate support zone, indicating resilience despite intermittent volatility. Sustained follow-through buying, especially on declines, suggests that dips are being accumulated rather than sold into.
Thank you for reading this post, don't forget to subscribe!A flat to positive start is on the cards for the Nifty, tracking neutral trends in foreign markets. As the session progresses, the trend may turn range-bound, favouring a Buy-On-Dips approach with sector specific moves driving intraday action.
Upside Scenarios: An opening above the 26247 zone could lift the index toward 26360 to 26400. Even if the Nifty crosses 26247 at any point after the open, a gradual move toward 26300 to 26360 remains possible.
Range Scenario: Failure to cross 26247 may keep the index confined within a narrow 26050 to 26240 range.
Downside Scenario: In a rare event of a break below 26050, immediate support is seen at 26000, followed by 25900.
Positionally, as long as the Nifty holds above 25700, the scope for a move toward 26300 and beyond remains open.
Metal, Energy, Auto, IT, Oil & Gas, and Pharma sectors are likely to influence market direction.
Stocks to watch: HCL Technology, Prestige Estates, IRCTC, Solar Industries, Mazagon Dock Shipbuilders, MCX, Cholamandalam Investment and Finance, Lloyds Enterprises, Sanghvi Movers, and Dixon Technologies for better trading chances.
Traders are advised to maintain a strong stop loss strategy across positions.
Wishing everyone a cheerful day!