The Indian stock market extended its losing streak on Monday, December 29, 2025, closing in the red amid thin trading volumes and a lack of strong directional cues. The benchmark indices signaled a phase of near-term consolidation as investors remained cautious.
Market Performance: Sensex, Nifty Extend Losses
The BSE Sensex declined for the fourth consecutive session, dropping 345.91 points, or 0.41%, to settle at 84,695.54. Similarly, the NSE Nifty 50 index closed lower for the third straight day, falling by 100.20 points, or 0.38%, to end at 25,942.10. Analysts attributed the muted movement to selective profit-booking and subdued activity typical of the year-end period.
Technical Outlook: Nifty 50 and Bank Nifty
Commenting on the Nifty 50's performance, Sumeet Bagadia, Executive Director at Choice Broking, noted a bearish bias in the daily candlestick pattern. He observed that the index failed to hold intraday highs, indicating fading upward momentum. On hourly charts, the formation of lower highs points to short-term consolidation with repeated rejections near resistance.
Bagadia stated that immediate resistance for the Nifty is now placed in the 26,050–26,100 zone, while crucial support lies between 25,800 and 25,850. The overall sentiment remains cautious as the index consolidates.
The Bank Nifty also ended marginally lower but showed some resilience in the latter half of the session, supported by selective buying in private and public sector banks. Bagadia described its movement as showing early weakness followed by recovery attempts, reflecting cautious optimism. The index faces immediate resistance at 59,150–59,250, with support at 58,600–58,700.
5 Breakout Stock Recommendations for Today
In the current market environment, identifying stocks breaking past key support or resistance levels can be crucial. These breakout stocks often signal potential for significant price movement. Based on technical analysis, Sumeet Bagadia has recommended five such shares for traders to consider on Tuesday, December 30.
1. NLC India Ltd
With a buy recommendation at ₹256.4, the stock is showing strength by reversing from lower levels and forming a pattern of higher highs and lows. It has broken above a falling trendline and trades above all key Exponential Moving Averages (EMAs), confirming bullish momentum. The suggested target is ₹275, with a stop loss set at ₹247.
2. India Cements Ltd
Recommended at ₹448.05, India Cements displays a sustained higher high-low structure and has broken out of a sideways range. Trading above its key EMAs and with the Relative Strength Index (RSI) at 68.37, the trend appears positive. The target price is ₹490, with a stop loss at ₹424.
3. City Union Bank Ltd
City Union Bank, trading around ₹298.95, has formed a strong bullish engulfing candle, suggesting renewed buying interest. It maintains a higher high-low structure and trades near its all-time high, indicating underlying strength. Traders can buy with a target of ₹327 and a stop loss at ₹285.
4. Honasa Consumer Ltd
Honasa Consumer is recommended at ₹277 after forming a recent bottom and witnessing a strong bounce. The RSI reading of 58.68 shows a rebound from oversold levels. The suggested target is ₹299, with a stop loss at ₹265.
5. NTPC Green Energy Ltd
Priced at ₹95.04, NTPC Green Energy shows signs of strength with a bullish engulfing candle and sustained volumes. With key resistance breached, the near-term outlook is positive. The target is set at ₹101.5, with a stop loss at ₹91.96.
Investment Disclaimer
This market analysis and stock recommendations are for educational purposes only. The views and investment tips expressed are those of the individual analyst. Investors are strongly advised to consult with certified financial experts before making any investment decisions, as market conditions are subject to change.
