Indian Stock Market Pre-Market Outlook – 23 December 2025: Nifty Holds Firm Above 26,100 | Bank Nifty Stable | Stock-Specific Momentum Building
Updated: 23 Decmber 2025
Category: Pre Market | Market Analysis
By CapitalKeeper Research Desk
Indian stock market pre-market analysis for 23 December 2025. Detailed Nifty, Bank Nifty, Sensex outlook with RSI, MACD, volume analysis, global cues, FII/DII trends, options data, and actionable stock setups including Hindpetro, UltraTech Cement, Canara Bank, and Syngene.
Market Snapshot (Previous Close – 22 December 2025)
| Index | Close | Change | Trend Bias |
|---|---|---|---|
| Nifty 50 | 26,172.40 | ▲ Strong | Bullish |
| Bank Nifty | 59,304.00 | ▲ Stable | Positive |
| Sensex | 85,567.48 | ▲ Firm | Bullish |
| Fin Nifty | 27,479.85 | ▲ Mild | Consolidation |
The Indian equity market enters 23 December 2025 with a constructive undertone, supported by strong institutional participation, stable global cues, and improving technical structure across frontline indices.
Pre-Market Sentiment Overview
The broader market continues to show controlled optimism, not euphoric but structurally healthy. Nifty’s ability to sustain above the psychological 26,000 mark is a key confidence booster for bulls. While intraday volatility may remain, the risk-reward continues to favor stock-specific long opportunities.
Global Market Cues
🌍 Global Equity Overview
- US Markets: Closed mixed; Dow steady, Nasdaq mildly volatile due to tech rotation.
- European Markets: Traded with cautious optimism amid stable bond yields.
- Asian Markets (Early Cues): Slightly positive, tracking Wall Street stability.
🌐 Macro Triggers to Watch
- US bond yield stability
- Crude oil price consolidation
- Dollar Index cooling near resistance
Impact on India:
Global cues are neutral-to-positive, allowing domestic factors and earnings expectations to guide the market.
Institutional Activity – The Backbone of the Trend
- FIIs: Selective buying in PSU energy and cement
- DIIs: Consistent accumulation in banking and capital goods
This institutional support structure continues to act as a cushion during minor intraday pullbacks.
Nifty 50 – Technical Outlook (Daily Chart)
- RSI: Near 63 – strong bullish momentum without overbought stress
- MACD: Positive crossover with expanding histogram
- Volume: Healthy, confirming price strength
Key Levels:
- Immediate Support: 26,000 – 25,940
- Major Support: 25,850
- Resistance Zone: 26,300 – 26,450
📌 View:
As long as Nifty holds above 25,940, dips are likely to be bought into. A sustained move above 26,300 can open doors for the next leg higher.
Bank Nifty – Trend Assessment
- RSI: 60 – stable momentum
- MACD: Positive but flattening
- Structure: Sideways-to-positive
Key Levels:
- Support: 58,900
- Resistance: 59,600
Banking stocks are consolidating after a sharp run-up. This phase appears healthy rather than weak, setting the stage for selective stock moves rather than index-wide rallies.
Options Market Insight (Indicative)
- Call Writing: Around 26,300
- Put Support: 26,000
- PCR: Above 1 – bullish bias intact
This setup confirms a buy-on-dips strategy for the near term.
Stock-Specific Trade Ideas (High Conviction)
🔹 Hindustan Petroleum (HINDPETRO)
- Buy Price: ₹475.55
- Stop Loss: ₹471.50
- Targets: ₹480 / ₹482
Technical View:
RSI trending upward with volume expansion. Oil marketing companies are benefiting from margin stability and easing crude volatility.
🔹 UltraTech Cement – December Options
- Strike: 11,500 CE
- Entry: ₹321
- Stop Loss: ₹250
- Targets: ₹400 / ₹450 / ₹500
Rationale:
Cement stocks are showing strong relative strength. UltraTech is breaking out from consolidation with MACD momentum favoring upside continuation.
🔹 Canara Bank (January Setup)
- CMP: ₹150.30
- Option: 160 CE @ ₹1.70
- Stop Loss: Cash below ₹146.50
- Targets: ₹160 / ₹165 / ₹170
- Lot Size: 6,750 (Only one lot advised)
Structure:
PSU banks remain structurally strong. Canara Bank shows accumulation at lower levels with improving RSI divergence.
🔹 Syngene International – January Positional
- Strike: 670 CE
- Buy Zone: ₹17.50 – ₹17.70
- Stop Loss: ₹10
- Targets: ₹27 / ₹35 / ₹40+
Technical Setup:
Pharma and contract research stocks are seeing renewed interest. MACD breakout with rising volumes suggests a medium-term opportunity.
Sector Watchlist – 23 December 2025
📈 Strong Sectors
- Energy (OMCs)
- Cement
- PSU Banks
⚠️ Cautious Zones
- IT (selective)
- FMCG (range-bound)
Risk Management Notes
- Avoid over-leveraging in weekly options
- Prefer cash-market confirmation for positional trades
- Trail stop losses as targets approach
Strategy for the Day
✔️ Focus on stock-specific momentum
✔️ Buy on intraday dips near support
✔️ Avoid chasing gap-ups
✔️ Keep position sizing disciplined
FAQs – Investor Queries
Q1. Is Nifty still bullish above 26,000?
Yes. The structure remains bullish as long as 25,940 holds.
Q2. Are PSU stocks still attractive?
Select PSU banks and energy stocks continue to show strong accumulation.
Q3. Should traders prefer options or cash today?
Options with defined risk are suitable, but confirmation from cash levels is essential.
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Ranjit Sahoo
Founder & Chief Editor – CapitalKeeper.in
Ranjit Sahoo is the visionary behind CapitalKeeper.in, a leading platform for real-time market insights, technical analysis, and investment strategies. With a strong focus on Nifty, Bank Nifty, sector trends, and commodities, she delivers in-depth research that helps traders and investors make informed decisions.
Passionate about financial literacy, Ranjit blends technical precision with market storytelling, ensuring even complex concepts are accessible to readers of all levels. Her work covers pre-market analysis, intraday strategies, thematic investing, and long-term portfolio trends.
When he’s not decoding charts, Ranjit enjoys exploring coastal getaways and keeping an eye on emerging business themes.
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