Anticipated Market Trends for Nifty 50 and Sensex on December 27 in the Indian Stock Market

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Anticipated Market Trends for Nifty 50 and Sensex on December 27 in the Indian Stock Market

The Indian stock market indices, Sensex and Nifty 50, are expected to open positively on Wednesday, driven by robust global market cues. Gift Nifty trends also signal a higher start for the Indian benchmark index, currently trading around the 21,545 level compared to Nifty futures’ previous close at 21,499. On December 26, domestic frontline indices saw gains, with the Nifty 50 breaking out of the recent 21,232-21,391 trading range.




Closing at 71,336.80, the Sensex gained 229.84 points, while the Nifty 50 settled 91.95 points, or 0.43%, higher at 21,441.35.

Senior Technical and Derivative Analyst at HDFC Securities, Subash Gangadharan, notes the short-term trend remains downward. Caution is advised, with Gangadharan suggesting that Nifty 50 needs to surpass recent highs of 21,593 to reverse the current downtrend.

Expectations for Nifty 50 and Bank Nifty on December 27:


Nifty Open Interest Data:

Deven Mehata, Equity Research Analyst at Choice Broking, reports the highest Open Interest (OI) on the call side at 22,000 followed by 21,500 strike prices. On the put side, the highest OI is at 21,300 strike price.

Nifty 50 Predictions:

Nifty 50 traded mostly sideways on December 27 after an initially positive start. Rupak De, Senior Technical Analyst at LKP Securities, suggests an optimistic sentiment as the index stays above critical moving averages. With significant immediate resistance at 21,500, a decisive breakout beyond this level could potentially lead to a substantial rally. Until then, De expects the index to remain within the range of 21,300 and 21,500.

Bank Nifty Predictions:

The Bank Nifty index rose 233 points to close at 47,725 on December 26. Rupak De notes a positive sentiment as the index moves back above 47,500. A small green-bodied candle within the previous red candle indicates a potential bullish trend ahead. Support is established at 47,500, while resistance is observed at 48,000/48,250 on the higher side.

Disclaimer: The views and recommendations provided are those of individual analysts or broking companies and not of Gyaanleikh. Investors are advised to consult with certified experts before making any investment decisions.

Indian stock market forecast
Sensex and Nifty 50 analysis
Nifty 50 and Sensex opening trends
Gift Nifty trading levels
Nifty 50 and Sensex performance on December 26
Short-term trend analysis
Nifty 50 resistance levels
Bank Nifty index outlook
Nifty Open Interest data
Market predictions for Nifty 50 and Bank Nifty on December 27

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