Indian Stock Market Set to Open Strong on December 12: What to Expect from Sensex, Nifty 50, and Bank Nifty

Indian Stock Market to Open on a Strong Note

The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open on a strong note on December 12, following positive global market cues and the US Federal Reserve's decision to cut interest rates by 25 basis points.

Key Highlights from the Previous Session

• The Sensex ended 427 points higher at 84,818.13, gaining 0.51%.
• The Nifty 50 advanced 141 points to close at 25,898.55, up 0.55%.
• Investors saw their wealth jump by nearly ₹2.6 lakh crore in a single session.

Sensex Prediction

According to Shrikant Chouhan, Head of Equity Research at Kotak Securities, the Sensex has formed a bullish candle on the daily charts, indicating further upside momentum. He noted that 84,500 and 84,150 would act as key support zones, and a decisive breakout above 85,000 could propel the index toward the 85,300–85,500 range.

Nifty 50 Prediction

Analysts believe that Nifty appears to have completed a five-wave impulsive pattern, with the recent breakdown below its rising trendline suggesting the start of a corrective phase. The index is finding it difficult to sustain near 26,000, while momentum indicators are weakening.

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, highlighted that a decisive move above 25,950–26,000 could open the next upside towards 26,250–26,300, while pegging 25,750 as immediate support.

Bank Nifty Prediction

Bank Nifty traded in a tight range on Thursday, showing early signs of buying at lower levels but lacking a clear breakout. Analysts said the index is hovering near crucial technical zones, and the next move will determine short-term direction.

Hrishikesh Yedve, AVP – Technical and Derivative Research at Asit C. Mehta Investment Intermediates, noted that Bank Nifty formed a bullish candle, signalling renewed interest at lower levels. He advised short-term traders to buy near support and book profits near resistance.

Key Takeaways

• Sensex is expected to open on a strong note, with key support zones at 84,500 and 84,150.
• Nifty 50 may face resistance at 26,000, while support is placed at 25,550–25,500.
• Bank Nifty is hovering near crucial technical zones, and the next move will determine short-term direction.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.