What to expect from Indian stock market in trade on December 2

By Admin

02 Dec, 2025

The Indian stock market is likely to witness a cautious and flat opening on December 2 as benchmark indices Sensex and Nifty 50 track mixed global cues. Early indications from the Gift Nifty also point to a muted start, with the index trading around 26,329   nearly 6 points below the previous close of Nifty futures. This reflects a subdued sentiment ahead of Tuesday’s opening bell.

On Monday, the market closed marginally lower. The Nifty 50 slipped below the 26,200 mark, ending 27.20 points (0.10%) lower at 26,175.75, while the Sensex dropped 64.77 points (0.08%) to close at 85,641.90.

Here is what traders and investors can expect today:

Sensex Outlook: Range-Bound Moves Likely
The Sensex has formed a bearish candle on the daily chart, suggesting some near-term weakness. Despite this, analysts believe the short-term sentiment remains positive.

According to Shrikant Chouhan, Head of Equity Research at Kotak Securities, intraday market formation remains range-bound. Key support levels lie at 85,500 and 85,000, while major resistance is placed between 86,000 and 86,200. A breach below 85,000 may weaken the uptrend.

Market analyst Mayank Jain from Share.Market also highlighted that 86,000–86,200 is the next major resistance zone. A breakout above this region could push Sensex to fresh record highs, while strong support lies around 85,100–85,000.

Nifty OI Data: Tight Range Ahead
Derivatives data indicates visible call writing at the 26,250 strike, along with strong put interest at 26,150. This suggests a narrow trading range for the Nifty 50 in the immediate term. According to Amruta Shinde of Choice Equity Broking, a sustained close above 26,300 will be crucial to reignite bullish momentum.

Nifty 50 Outlook: Critical Levels to Watch
The Nifty 50 also formed a bearish candle on the daily chart, signaling a pause in the current trend. Analysts emphasize a cautious approach at higher levels.

Nilesh Jain of Centrum Broking noted that immediate support lies at 26,120, followed by 26,000. A decisive break above 26,300 could lead the index towards 26,450. He advised traders to avoid chasing the index at high levels due to an unfavorable risk-reward setup.

Ponmudi R, CEO of Enrich Money, believes that the structural trend remains positive as long as Nifty stays above 26,000–26,050. A breakout above 26,300 may unlock an upside toward 26,450–26,600. The RSI at 62 indicates neutral momentum, ruling out overbought concerns.

Mayank Jain added that the 26,300–26,350 region is now a key resistance-turned-trigger. A sustained close above this zone could propel Nifty to 26,500+, while immediate support remains at 26,000–26,050.

Bank Nifty Outlook: Resistance at 60,100
Bank Nifty closed 71.35 points (0.12%) lower at 59,681.35 on Monday. The index formed an Opening Marubozu (red candle), indicating selling pressure at higher levels.

Hrishikesh Yedve from Asit C. Mehta Investment Intermediates noted that the index will remain capped below 60,114 in the short term. Immediate support lies at 59,400, followed by 59,000. Traders are advised to adopt a buy-near-support and sell-near-resistance strategy.

Sudeep Shah of SBI Securities highlighted that the 60,000–60,100 zone acts as a major hurdle. A sustained move above 60,100 could trigger a rally up to 60,600. Support on the downside remains at 59,300–59,200.

Conclusion
Overall, the Indian stock market is expected to see a flat-to-muted start on December 2, driven by mixed global cues and key resistance barriers on the charts. While the broader trend remains positive, both Nifty and Sensex require a decisive breakout above their immediate resistance levels to regain strong momentum.

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