Nifty Intraday View | 17 Dec 2025

Market Overview

Nifty began the session on a flat note and made an early attempt to reclaim the 20 EMA on the Hourly chart. However, the index faced a clear rejection at this zone, leading to selling pressure and a move lower. Currently, Nifty is hovering near the 25,800 region, trading close to the lower end of the day’s range, indicating cautious sentiment.

Futures Positioning

In the derivatives segment, Nifty futures open interest stands at 2.47 lakh contracts, up 0.48%, suggesting mild fresh positioning rather than aggressive unwinding. This points to a cautious stance as traders await clearer directional cues.

Option Chain Setup

The option chain continues to show a defensive structure. Call open interest has risen sharply, with heavy additions at the 26,000 strike, reinforcing it as a strong supply zone. On the put side, mild put writing is visible around the 25,800 and 25,700 levels, indicating some attempt to defend the downside. The PCR at 0.65 and implied volatility near 10.0% reflect a low-volatility but cautious trading environment.

Key Levels to Watch

Support: 25,700

Resistance: 25,925

A decisive move below support could open the door for further downside, while the resistance zone remains a key hurdle for any recovery attempt.

Intraday Outlook

With Nifty trading close to the day’s low near 25,800, a sustained break below this level could intensify selling pressure and drag the index towards 25,700. On the upside, the 25,825–25,880 zone remains a critical barrier, where supply is gradually building, limiting upside momentum for now.