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What to expect from Indian stock market in trade on December 15

What to expect from Indian stock market in trade on December 15

After two consecutive sessions of gains, the Indian stock market enters Monday, December 15, with cautious optimism amid mixed global cues. While domestic benchmarks remain technically strong after last week’s rally, weak signals from global markets and Asian peers suggest a soft start to the week. Investors are likely to stay selective, closely tracking key support and resistance levels across indices.

Market Recap: Strong Close on December 12

On Friday, December 12, Indian equities extended their upward momentum for the second straight session, supported by positive global sentiment following a US Federal Reserve rate cut.
The Sensex surged 450 points, or 0.53%, to close at 85,267.66, while the Nifty 50 gained 148 points, or 0.57%, settling at 26,046.95. Broader markets outperformed, with the BSE Midcap index rising 1.14% and the Smallcap index climbing 0.65%.

Investor wealth witnessed a significant jump, as the total market capitalisation of BSE-listed companies rose to over ₹470 lakh crore, compared to ₹466.6 lakh crore in the previous session, adding more than ₹3 lakh crore in a single day.

Trade Set-up for December 15

Despite Friday’s strong close, benchmark indices Sensex and Nifty 50 are likely to open on a weak note on Monday, tracking negative global cues. Asian markets traded lower, and US markets ended in the red on Friday, dampening near-term sentiment.

Gift Nifty trends also indicate a subdued start. Gift Nifty was trading near the 26,037 level, down around 98 points or 0.4% from the previous Nifty futures close, pointing to early pressure in domestic markets.

Sensex Outlook for Today

Analysts expect the Sensex to start the week on a steady yet cautious footing, as it continues to trade within a defined range.

Mayank Jain, Market Analyst at Share.Market, highlighted that the Sensex remains structurally stable above key support levels. According to him, the index is comfortably placed above the 85,000–84,800 support zone, which is likely to guide near-term sentiment. The broader trading range for Monday is expected between 84,800 and 85,500, with 85,000 acting as a crucial pivot level. A decisive breakout above 85,300 or a breakdown below 84,800 could trigger a directional move.

Amol Athawale, VP – Technical Research at Kotak Securities, also maintained a cautiously optimistic stance. He stated that 84,500 and 84,100 would act as important support levels for positional traders. As long as the index remains above these zones, positive sentiment may continue. On the upside, the Sensex could move toward 85,400–85,600, with further potential to reach 85,900–86,100. However, a fall below 25,700/84,100 could make the uptrend vulnerable.

Nifty 50 Open Interest and Derivative Signals

According to Mayank Jain, open interest in Nifty has shifted from the 26,000–26,100 range to higher strikes. Significant additions are seen at 26,200, with maximum positioning at 26,500. This indicates expectations of limited upside unless the index manages a decisive breakout from its current congestion zone.

Nifty 50 Prediction

The Nifty 50 reclaimed the crucial 26,000 mark on Friday after a brief pullback earlier in the week, signaling renewed strength.

Nilesh Jain, Head – Technical and Derivatives Research at Centrum Broking, noted that bulls made a strong comeback as Nifty closed above 26,000 for the second consecutive session. Earlier, the index found support near its 50-DMA at 25,720 and rebounded sharply. The 21-DMA at 26,020 has also been crossed, strengthening positive momentum. If Nifty sustains above 26,000, short covering could push it toward 26,200–26,250 in the coming sessions.

Rupak De, Senior Technical Analyst at LKP Securities, echoed a similar view. He stated that Nifty has moved back above 26,000 and reclaimed the 21 EMA. The RSI on the 4-hour chart has entered a bullish crossover, indicating strengthening momentum. As long as the index holds above 25,900, the trend is expected to remain constructive, with potential upside toward 26,300 in the near term.

Bank Nifty Outlook

Bank Nifty ended Friday’s session flat-to-positive at 59,390, reflecting consolidation and indecision among banking stocks.

Hrishikesh Yedve, AVP – Technical and Derivative Research at Asit C. Mehta Investment Intermediates Ltd, said Bank Nifty formed a Doji on the daily chart, indicating uncertainty, while the weekly chart shows a long lower shadow, suggesting buying interest at lower levels. Immediate resistance lies at 59,800 and 60,115, while the demand zone is seen around 58,800–58,900. He advised traders to adopt a buy-near-support and sell-near-resistance strategy.

Vatsal Bhuva, Technical Analyst at LKP Securities, added that Bank Nifty has reclaimed its 10-day EMA. If it sustains above this level for the next 2–3 sessions, momentum could improve. A close above 59,500 may boost sentiment, though RSI has not yet confirmed a bullish crossover. Support is placed at 59,100 near the 20-day EMA, with resistance at 59,500 and 59,800.

Conclusion

Overall, the Indian stock market is expected to witness a cautious start on December 15 amid weak global cues, even as domestic indices remain technically resilient. Sensex and Nifty continue to hold key support levels, suggesting that any dip could attract buying interest. However, traders may remain vigilant and selective, watching global developments and key breakout levels for the next directional move.

Disclaimer: The views and recommendations mentioned above are those of individual analysts and broking companies. Investors are advised to consult certified financial experts before making any investment decisions.

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