Indian equity benchmarks, the Sensex and Nifty 50, are anticipated to begin Tuesday's trading session on a flat note with a negative bias. The muted opening forecast for December 30 comes amidst thin trading activity and lackluster signals from international markets.
Market Sentiment and Global Influences
Early indications from the Gift Nifty futures pointed towards a subdued start for the domestic market, with the index trading around the 25,936 mark. This reflected a decline of 29 points or 0.11% compared to the prior close of Nifty futures. The cautious mood follows a weak session on Monday, where markets closed lower due to scant participation and an absence of strong positive triggers. Persistent selling activity by foreign institutional investors has further dampened investor sentiment, fueling expectations of a near-term consolidation phase.
In the previous session, the BSE Sensex extended its losing streak to a fourth consecutive day. The index dropped 345.91 points, or 0.41%, to settle at 84,695.54. Similarly, the NSE Nifty 50 declined for the third straight day, losing 100.20 points, or 0.38%, to finish at 25,942.10.
Technical Outlook for Nifty 50 and Bank Nifty
Chandan Taparia, Head of Derivatives and Technicals at MOFSL Wealth Management, provided an analysis based on options data. He noted that the maximum Call open interest is at the 26100 strike, followed by 26200. On the Put side, the maximum open interest is at the 25900 strike, then 26000.
"Call writing is seen at 26000 then 25950 strike while Put writing is seen at 25900 then 25850 strike," Taparia stated. He added that the option data suggests a broader trading range between 25500 to 26300, with an immediate range expected between 25700 to 26100 levels.
Nifty 50 Analysis
According to Taparia, the Nifty index opened slightly positive on Monday but failed to sustain its attempt to cross the 26100 zone. It drifted lower from the morning highs, finding support near 25900 levels before closing with a loss. The formation of a bearish candle on the daily chart and the establishment of lower highs and lower lows over the last two sessions indicate weakness. He believes that as long as the index remains below the 26000 zone, weakness could persist towards 25800 and then 25700 levels. Immediate resistance is placed at 26150 and 26250 zones.
Bank Nifty Analysis
The Bank Nifty index opened flat and initially moved towards 59150 levels but could not hold at higher zones. It gradually drifted lower to 58800, forming a small bearish candle on the daily scale as selling pressure emerged at elevated levels. Taparia suggests that until the index holds below 59000, some weakness could be seen towards 58750 and then 58500 levels. On the upside, key hurdles are seen at 59250 and 59500 zones.
Expert Stock Recommendations for December 30
Chandan Taparia has recommended trading strategies for three stocks today, December 30, 2025.
AU Small Finance Bank | Buy | Target Price: ₹1050 | Stop Loss: ₹955
The stock is in a sustained uptrend and is consistently finding support at its 20-day exponential moving average (DEMA), with minor dips being purchased. A rising ADX line confirms the strength of the current upward trend.
Marico | Buy | Target Price: ₹785 | Stop Loss: ₹734
This stock has broken its pattern of forming lower lows on the daily chart and is moving upward with higher-than-average trading volumes. The rising RSI momentum indicator supports the positive sentiment surrounding the stock.
Astral | Sell | Target Price: ₹1290 | Stop Loss: ₹1400
The stock has experienced a breakdown below its trend-line, confirmed by a strong bearish candle on the daily chart. A declining MACD line further supports the expectation of continued downward momentum.
Disclaimer: This information is for educational purposes only. The views and recommendations are those of the individual analyst and not of Mint. Investors are strongly advised to consult with certified experts before making any investment decisions.
