Nifty Intraday Analysis Today (26 December 2025): Support, Resistance & Option Chain View

Market Overview

Nifty opened with a mild downtick around the 26,100 mark and, after slipping below the 20 EMA on the hourly chart, has continued to drift lower. Given the earlier breakout from the parallel channel, the current move appears to be a healthy pullback rather than a trend reversal.

Futures Positioning

In the derivatives segment, Nifty futures open interest stands at 2.31 lakh contracts, up 1.6%, indicating fresh positioning being built as the index retraces from higher levels.

Option Chain Setup

The option chain reflects a cautious structure. Heavy call-side additions are visible at the 26,100 and 26,200 strikes, highlighting rising overhead supply. On the put side, moderate writing is active around the 26,000 level, pointing to near-term support interest. The PCR at 0.70 and implied volatility near 8.3% suggest a controlled, low-volatility pullback environment.

Key Levels to Watch

Support: 25,980

Resistance: 26,150

Holding above support keeps the broader structure intact, while resistance remains the immediate hurdle.

Intraday Outlook

Nifty is currently in a pullback phase and is inching closer to the key support zone at 25,980, followed by 25,920, which continues to act as a demand area. For now, any meaningful upside appears capped, with the index likely to stabilise before its next directional move.