Trade Spotlight: How should you trade Varun Beverages, Kalyan Jewellers, Persistent, Birlasoft, BSE, and others on January 8?
The market is likely to consolidate further with a negative bias. Below are some short-term trading ideas to consider on January 8.
Trade setup for January 8: Top 15 things to know before the opening bell
Consolidation with range-bound trade is expected to continue for a few more sessions before the index stabilises and rebounds.
Technical View: Back to back Doji candles signal limited downside in Nifty 50, consolidation may continue with 20 SMA support
Weekly options data suggest that the Nifty 50 is expected to face resistance near 26,200 in the near term, with support placed at 26,100–26,000 levels.
Trading Plan: Will Nifty 50 extend its losing streak for a third session, Bank Nifty eye record high?
If the Nifty 50 sustains below 26,200, the consolidation may continue, with crucial support at 26,000, below which selling pressure may widen. However, above 26,200, the 26,300–26,400 levels are ones to watch.
Trade Spotlight: How should you trade Pidilite, Fortis Healthcare, Sun Pharma, Emcure, Tata Consumer Products, and others on January 7?
Consolidation is expected to continue in the market for the next few sessions. Below are some short-term trading ideas to consider.
Trade setup for January 7: Top 15 things to know before the opening bell
If the Nifty 50 sustains below 26,200, the consolidation may continue, with the crucial support of 26,000 likely to be tested in the next few sessions, as a decisive fall below this level could bring bears into action. However, the 26,300–26,400 zone is expected to act as a resistance area.
Technical View: Trendline breakdown signals caution for Nifty Bulls; next support at 26,100, Bank Nifty outperforms, holds 60,000
The next support for Nifty 50 is placed at 26,100, which coincides with the 10-day EMA and Tuesday’s low. If the index decisively breaks this level, the crucial support of 26,000 will be the level to watch, as a decisive fall below it could shift momentum from bullish to bearish. On the upside, 26,300 can act as a hurdle.
Trading Plan: Can Nifty 50 reclaim 26,300, Bank Nifty move above 60,200 amid possible range-bound trade?
If the Nifty 50 defends the 26,200 level, a possible move toward 26,300–26,400 cannot be ruled out, followed by 26,500. However, a decisive fall below this level could drag the index toward 26,000, which is the crucial support.
Trade Spotlight: How should you trade Havells India, Tata Elxsi, REC, SAIL, Union Bank of India, and others on January 6?
The market may remain range-bound until it trades below Monday’s high. Below are some short-term trading ideas to consider.
Trade setup for January 6: Top 15 things to know before the opening bell
As long as the Nifty 50 holds above 26,200, the possibility of a rebound towards the 26,400–26,500 zone cannot be ruled out. However, a decisive break below this level could push the index into a consolidation phase, with 26,000 emerging as a crucial support.
Technical View: Long-term trend remains positive; Nifty may consolidate if trendline support breaks, rising VIX signals caution
The weekly options data suggested that Nifty may face resistance in the 26,400–26,500 zone, while support is placed at 26,200–26,000 levels.
Chartist Talk: Avoid Vodafone Idea; Escorts Kubota, Glenmark set for breakout, says Milan Vaishnav
One can certainly expect Nifty 50 to inch higher so long as it stays above 26,000 level, said Milan Vaishnav.
Trading Plan: Can Nifty 50 defend 26,200, Bank Nifty hold above 60,000 amid possible consolidation?
If the Nifty 50 manages to climb and sustain above the 26,350 zone, a rally toward 26,500 is possible. However, if it sustains below 26,350, consolidation may occur, with immediate support at 26,200, followed by 26,000 as a key support level.
Trade Spotlight: How should you trade Transformers and Rectifiers, REC, Torrent Power, UNO Minda, IDBI Bank, and others on January 5?
The trend may remain positive despite intermittent consolidation and minor profit booking. Below are some short-term trading ideas to consider.
Trade setup for January 5: Top 15 things to know before the opening bell
The Nifty 50 needs to decisively surpass 26,350 for a move towards 26,500–26,700. Until then, it may consolidate with range-bound trading, with the 26,100–26,000 zone acting as a key support, according to experts.
Chartist Talk: Sudeep Shah targets 26,500 for Nifty next week, bets on 4 stocks but advises caution on ITC
Sudeep Shah believes NHPC and Bosch look well poised to extend their upmove in the coming week, but advised caution on ITC after sharp fall last week.
Technical View: Convincing consolidation breakout lifts hopes of Nifty’s move toward 26,500; Bank Nifty targets above 61,000
Weekly options data also indicated that the Nifty 50 is expected to march toward the 26,500–27,000 range, with support placed in the 26,200–26,000 zone.
Trading Plan: Will Nifty 50, Bank Nifty maintain upward journey amid consolidation?
The Nifty 50 may gradually climb toward the 26,350–26,400 levels, but only after it convincingly surpasses and holds the 26,200 zone. Until then, consolidation may continue with support at the 26,050–26,000 levels.
Trade Spotlight: How should you trade Bajaj Auto, Ajanta Pharma, NLC India, Gujarat Gas, Wipro, and others on January 2?
Consolidation with range-bound trading may continue for a couple of more sessions before the market regains strength. Below are some short-term trading ideas to consider.
Trade setup for January 2: Top 15 things to know before the opening bell
Experts believe the Nifty 50 is expected to give a strong breakout above 26,200 and march toward the 26,350–26,400 zone in the upcoming sessions. Until then, minor consolidation may continue, with immediate key support placed in the 26,050–26,000 zone.
Technical View: Trendline breakout must for Nifty 50, Bank Nifty to move toward new highs; India VIX favours bulls
According to experts, the Nifty 50 must decisively surpass and hold above the falling resistance trendline, which lies slightly above the 26,200 zone, for a move toward the record high of 26,326.
Trading Plan: Can bulls help Nifty 50 reclaim 26,200, Bank Nifty hit the 60,000 zone?
Considering the bullish bias, the Nifty 50 is expected to attempt to reclaim 26,200, but the sustainability of the move is the key factor to watch thereafter. Holding above this level can open the door for a record high.
Trade Spotlight: How should you trade BPCL, Aditya Birla Capital, Eicher Motors, Mahindra and Mahindra, L&T Finance, and others on January 1?
The positive momentum is expected to sustain for a few more sessions. Below are some short-term trading ideas to consider.
Trade setup for January 1: Top 15 things to know before the opening bell
As long as the Nifty 50 sustains above 26,000, 26,200—the immediate key resistance zone—remains the level to watch. Holding above it can open the door for a new high.
Technical View: Nifty begins January series strongly; 26,200 key for fresh highs, Bank Nifty eyes 60,000 after trendline breakout
According to experts, the Nifty 50 is expected to march toward a record high of 26,326, followed by 26,500 in the upcoming sessions, provided it closes and sustains above the hurdle of 26,200.
