Short term - Technical Outlook

Nifty is poised to open with a mild positive bias around the 26,100–26,150 zone. The index has clearly resumed its higher-high, higher-low structure on the daily chart, with the latest bullish candle decisively reclaiming the 20-day EMA near 26,001 and reinforcing the rising trendline support. Momentum indicators are improving, with RSI recovering toward the 55–60 zone and MACD hinting at a potential bullish crossover as negative momentum fades. This leaves room for further upside. The 26,200–26,300 band remains a key resistance zone, having rejected prices multiple times in recent sessions. A decisive close above this region would confirm renewed strength and open the path toward 26,500–26,700 in the near term. On the downside, 26,000–25,900 continues to act as a strong demand zone, and intraday dips toward this region are likely to attract buying interest. Overall, the near-term outlook remains flat to mildly positive amid thin liquidity, maintaining a neutral-to-bullish bias as long as key supports are protected, setting a constructive backdrop for the start of 2026.
 

Short term Research Report Call

Buy Above: 26150 | Targets: 26200, 26250, 26300 | Stop-loss: 26000
Sell Below: 26000 | Targets: 25950, 25880, 25820 | Stop-loss: 26100

Short term Chart

Long term - Technical Outlook

Nifty continues to trade in a structural uptrend, supported by its position above major moving averages. On the higher side, 26,300-26,350 is emerging as a crucial resistance zone; a decisive breakout above this level could trigger further upside, opening the path toward 26,500 and potentially new lifetime highs. On the downside, strong support is identified in the 25,800–25,700 band, which is likely to act as a demand zone on pullbacks. However, a sustained breach of this support region may invite profit-booking and corrective pressure, dragging the index lower toward the 25,600 mark or even below. Overall, the technical setup favors the bulls as long as Nifty maintains strength above its support levels, with every dip presenting a buying opportunity until proven otherwise.

Long term Research Report Call
Buy Above: 26200 | Targets: 26260, 26300, 26350 | Stop-loss: 26000
Sell Below: 25900 | Targets: 25840, 25780, 25500 | Stop-loss: 26050
 

Long term Chart

Nifty 50

Nifty has started the new year on a stable footing, opening in the 26,150–26,180 zone and trading near the upper end of its recent consolidation range. The focus remains on the key 26,200–26,300 resistance band; a clear and sustained breakout above this zone could revive upside momentum and set the stage for a move toward 26,500 in the early part of 2026. On the downside, immediate support is seen in the 26,000–26,050 zone, which coincides with the 20-day EMA and the recent higher-low structure. As long as this area holds, the broader setup remains constructive and is likely to encourage dip-buying interest . A deeper downside risk would emerge only on a decisive break below 25,900, which could expose the stronger demand zone near 25,800. Overall, the opening tone remains flat to mildly positive, with a neutral-to-bullish bias as long as key supports are defended.

Bank Nifty

Bank Nifty is displaying underlying strength at the open, trading in the 59,550–59,700 range and modestly outperforming amid continued stability in the banking space. The 58,800–59,000 support zone, aligned with the rising trendline and the prior consolidation base—remains crucial in preventing any meaningful corrective pressure. On the upside, immediate resistance is seen in the 59,800–60,000 band, a recurring supply area backed by elevated call open interest. A decisive breakout above this zone would confirm a bullish shift and open the path toward 60,500. For now, the index carries a neutral to mildly bullish bias and is expected to consolidate within the 59,000–59,800 range unless a clear volume-led trigger emerges. Overall, with global participation limited, banks are likely to offer rotational support, helping the broader market maintain stability as 2026 gets underway.