The benchmark Indian equity indices concluded Tuesday's trading session on a flat note, as investors turned cautious in the absence of fresh domestic catalysts and amid mixed signals from global markets. The trading activity remained subdued due to thin year-end volumes.
Market Performance: A Day of Consolidation
The Nifty 50 index closed marginally lower by 0.01% at 25,938.85 points on 30 December 2025, slipping from its previous close of 25,942.10 points. Similarly, the BSE Sensex ended the session at 84,675.08 points, down 0.02% from Monday's close of 84,695.54 points.
Commenting on the market's direction, Sumeet Bagadia, Executive Director at Choice Broking, noted that the Nifty 50 ended slightly lower in a range-bound session. He pointed out that technical indicators suggest a loss of momentum near key resistance levels.
"The daily candlestick showed a mild bearish bias, with the index unable to sustain intraday highs. This indicates fading momentum near resistance," Bagadia explained. He added that on the hourly chart, the formation of lower highs highlights ongoing short-term consolidation and repeated rejections at higher price points.
Bagadia identified the immediate resistance for Nifty 50 in the 26,050–26,100 points range. On the lower side, he sees a key support zone between 25,750 and 25,800 points, where buying interest is likely to emerge. The overall market sentiment remains cautious, with the index in a consolidation phase.
Bank Nifty Outperforms Broader Market
In contrast to the flat broader market, the banking index showed resilience. Bank Nifty closed higher by 238.90 points, outperforming the main indices. Bagadia attributed this to selective buying in heavyweight banking stocks, despite the low trading volumes typical for the year-end.
"The daily candlestick formed a bullish close, indicating buying interest at lower levels and a successful defence of key supports. However, the move was not backed by strong volumes," the expert stated. The hourly chart showed the index trading in a range with a mild upward bias, maintaining higher lows during the session.
For Bank Nifty, Bagadia pegs the immediate resistance in the 59,400–59,500 points band. The crucial support zone lies between 58,800 and 58,900 points. He summarized that the index displays resilient but cautious strength, staying in a consolidation phase with a positive bias.
5 Breakout Stock Recommendations by Sumeet Bagadia
Amid this consolidating market, Sumeet Bagadia has identified five stocks that are showing potential breakout signals. Breakout stocks are those that appear poised to move decisively past their established support or resistance levels, often indicating a strong upcoming price trend.
Here are the five breakout stocks to consider, according to the expert:
1. Jindal Steel Ltd (JINDALSTEL): Bagadia recommends buying at ₹1,021.30, with a target price of ₹1,093 and a stop loss at ₹985. The stock is showing early reversal signs after finding support at its 200-day Exponential Moving Average (EMA) and has broken above a falling trendline.
2. Radico Khaitan Ltd (RADICO): The recommendation is to buy at ₹3,376, targeting ₹3,615, with a stop loss at ₹3,257. Trading in a broad range, the stock has rebounded from lower levels and is on the verge of breaking out from its sideways consolidation.
3. Indian Bank Ltd (INDIANB): Investors can consider buying at ₹809, aiming for a target of ₹865, while keeping a stop loss at ₹780. The stock has broken out of a short-term consolidation pattern and is finding firm support near its 20-week EMA.
4. Adani Power Ltd (ADANIPOWER): The advice is to buy at ₹144.65, with a target of ₹156 and a stop loss at ₹139. The stock is undergoing healthy consolidation near its 100-day EMA, and a decisive move above ₹146 could trigger a further bullish rally.
5. Godawari Power and Ispat Ltd (GPIL): Bagadia suggests buying at ₹263.55, targeting ₹285, with a stop loss at ₹254. The stock is showing strength by forming a rounding bottom pattern and has breached a key resistance level at ₹270.
Bagadia emphasized that traders should adhere to disciplined risk management strategies while considering these recommendations. The market outlook suggests a phase of consolidation, making stock-specific actions crucial for navigating the current environment.
