India and Oman to sign free trade agreement during PM Modi’s visit on Dec 18 – Daily Market Update 18th Dec 2025

Benchmark Nifty index ended on a slightly negative note at 25819 spot levels, down 42 points from its previous closing values amid volatile moves in INR against global peers.

Broader markets underperformed the benchmark as Mid and Small cap indices fell 0.54% & 0.73% respectively.

Majority of sectoral indices, tracked at NSE, ended in red. Amongst them, Nifty Media was the worst performer, down 1.71% followed by Consumer Durables and Realty index that fell close to a percent each. On the other hand, PSU bank index provided the needed supports to the bulls, gained 1.29%.

Technically, Nifty index is consolidating in a range having immediate supports around 25650 spot levels and resistance around 26060 spot levels. Cross and sustenance above 26060 spot levels will push it towards 26200 spot levels, on the other hand, a breach below 25650 spot levels might take it towards its 100 DEMA that is placed around 25450 spot levels.

Derivatives Overview & Outlook

Yesterday, Nifty and Finnifty futures added around 2% and 16% of open interest respectively as short buildup. On the other hand, no meaningful activity was seen among BankNifty and Midcapnifty futures on open interest front.

Majority of F&O sectors settled on a negative note. Amongst them, Cement, FMCG, Finance and Realty stocks witnessed maximum addition of short positions along with some long unwinding among Telecom stocks.

On option front, call writing along with some put addition was seen at multiple strikes. Maximum positions are at 25000 & 25500 PE closely followed by 25800 PE and 26000 CE. Options data is still tilted towards the negative side with immediate supports around 25700 spot levels and resistances in 26000-26060 spot zone.

Institutional Trading Activity

Yesterday, FIIs bought stocks worth Rs 1172 Cr in the cash segment, sold index futures worth Rs 1509 Cr also sold stocks futures worth Rs 836 Cr. DIIs were too net buyers in the cash segment to the tune of Rs 769 Cr.

Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels

Nifty – Resistances 26020-26150; Supports 25800-25700

Banknifty – Resistances 59400-59750; Supports 59000-58700

Finnifty – Resistances 27500-27620; Supports 27300-27200

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