Nifty Intraday View|Dec 19 2025

Market Overview

Nifty began the session on a positive note, successfully defending the 50 EMA on the daily chart and reclaiming the 25,900 zone early in the trade. As the session progressed, the index moved closer to the upper band of the parallel channel, where selling pressure remains visible in the 25,975–26,000 region.

Futures Positioning

In the derivatives segment, Nifty futures open interest stands at 2.43 lakh contracts, down 0.20%, indicating mild unwinding of positions. This suggests some profit booking after the early move higher, rather than aggressive fresh selling.

Option Chain Setup

The option chain shows a balanced-to-supportive structure. Put open interest has seen notable additions, particularly at the 25,900 and 25,800 strikes, signalling near-term support interest. On the call side, persistent call writing around the 26,000 level continues to highlight this zone as a strong overhead supply area. The PCR at 1.08 and implied volatility near 9.2% point to a relatively calm but range-aware trading environment.

Key Levels to Watch

Support: 25,850

Resistance: 26,000

Holding above support keeps the structure intact, while the resistance zone remains critical for any upside continuation.

Intraday Outlook

Nifty appears to be in a short-term pullback phase, with resistance placed near the upper boundary of the parallel channel around 25,975–26,000, a zone that continues to attract supply. With prices now holding above the intraday EMAs, 25,850 emerges as the immediate trailing support, which could remain an important reference level going forward.