Nifty 50, Sensex Today: What to Expect From the Markets on December 12

On Friday, December 12, Indian benchmark indices Sensex and Nifty 50 are set to open strongly due to the combined effect of positive signals from the global market and the US stock markets where a rally has set new records. The day before, the Dow Jones and S&P 500 reached new peaks after the US Federal Reserve decided to cut the interest rate by 25 basis points and hinted at another cut next year, thereby increasing the worldwide investor sentiment.

The bullish trend reflected in Gift Nifty as well, which traded near its all-time high at 26,134—up 108 points or 0.4% from the previous close—indicating a firm start for domestic equities.

Market Recap

On Thursday, December 11, Indian stock exchanges made an about-turn and regained the losses incurred over the last three days. The Sensex index gained 427 points and closed at 84,818.13, whereas the Nifty 50 index increased by 141 points and ended at 25,898.55. The drastic rise in investors' wealth accounted for ₹2.6 lakh crore, as the total market capitalization of BSE-listed companies went up to ₹466.6 lakh crore.

Sensex Outlook

Shrikant Chouhan of Kotak Securities noted strong recovery in the Sensex after early weakness. The index rebounded more than 700 points from the session’s low, supported by fresh buying near the 84,150 level. According to him:

Support zones: 84,500 and 84,150

Immediate resistance: 85,000

Upside potential: A breakout above 85,000 could drive the index toward 85,300–85,500

A fall below 84,150 may weaken the trend.

Nifty OI Trends

SAMCO Securities highlighted a cautious derivatives setup:

Heavy call writing at the 26,000 strike reinforces resistance.

Strong put base at 25,700 indicates support.

PCR rising to 0.84 from 0.54 suggests defensive positioning.

Nifty 50 Forecast

Despite Thursday’s rebound, analysts expect consolidation:

Key Views:

Religare Broking:

Nifty showing signs of a corrective phase; momentum weakening.

Resistance: 26,050–26,100

Support: 25,550–25,500, break may drag Nifty to 25,250.

Recovery only if Nifty closes above 26,100.

HDFC Securities (Nagaraj Shetti):

Positive divergence on charts indicates a potential short-term reversal.

Break above 25,950–26,000 could take Nifty to 26,250–26,300.

Immediate support at 25,750.

LKP Securities (Rupak De):

Market structure still weak; resistance at 21EMA.

Strong support at 25,700; breach may bring bearish momentum.

Uptrend likely only above 26,000.

Bank Nifty Prediction

Bank Nifty traded sideways, showing accumulation at lower levels but no decisive breakout.

Analyst Views:

Asit C. Mehta (Hrishikesh Yedve):

Support: 58,800–58,900

Resistance: 60,000–60,120

Suggests buying near support and booking profits near resistance.

LKP Securities (Vatsal Bhuva):

Consolidation continues; needs a close above 59,500 for bullish confirmation.

Fall below 58,800 may trigger selling toward 58,200 near 50-day EMA.

Disclaimer

The views above reflect analyst opinions. Investors should consult certified experts before making investment decisions.