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.
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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.
Healthy pause in December, not a peak: Nifty’s consolidation keeps bullish bias intact as January series begins
A decisive close above 26,200 could force bears into sharp unwinding, extending the rally toward 26,500–26,700 on the Nifty 50.
Trading Plan: Can Nifty 50 break its 4-day losing streak, Bank Nifty scale above 59,300?
The Nifty 50 needs to scale above 26,000, as above it, 26,100–26,200 are the levels to watch. However, sustaining below this level can keep the Nifty 50 in a consolidative mode, with support at 25,900–25,800, experts said.
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Range-bound trading is likely to continue in the upcoming sessions. Below are some short-term trading ideas to consider.
Trade setup for December 31: Top 15 things to know before the opening bell
In case of rebound, an upward move toward the 26,100–26,300 zone is possible on the Nifty 50. However, failure to confirm a rebound in the following session could drive the index down toward the 25,800–25,700 zone, experts said.
Technical View: Doji formation after weakness signals possible comeback for Nifty bulls; Bank Nifty snaps 3-day losing streak
The 26,000–26,100 zone is expected to act as a hurdle on the upside for the Nifty 50, while support is placed in the 25,850–25,800 range, according to experts.
Trading Plan: Can Nifty 50 extend its fall toward 50 DEMA, Bank Nifty test December low?
In case of a further fall, the Nifty 50 may take support at 25,800 (50-day EMA) and around 25,700 (December low). However, a decisive break below these levels can strengthen the bears.
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The market is expected to remain weak amid choppy movement in the short term. Below are some short-term trading ideas to consider.
Trade setup for December 30: Top 15 things to know before the opening bell
The next support is placed at the 50 EMA (25,830), followed by 25,726 as a key support zone. If the Nifty 50 breaks below 25,726, the higher high–higher low formation could get negated and bears may take control.
Technical View: Momentum indicators signal caution, bears can gain more power if Nifty fails to take 25,800 support; VIX rebounds
The above options data also suggest that the 26,000–26,200 zone is expected to act as resistance for the Nifty 50, while support is placed at the 25,900–25,800 levels.
Trading Plan: Can Nifty 50 defend short term moving averages, Bank Nifty sustain above Friday’s low?
The Nifty 50 may consolidate as long as it trades below 26,250, with immediate support at 26,000–25,950, followed by 25,800 being key support, while a decisive move above this level could push the index toward 26,350–26,500.
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The market may continue to consolidate as long as it trades below last week’s high. Below are some short-term trading ideas to consider.
Trade setup for December 29: Top 15 things to know before the opening bell
If the index falls and sustains below the immediate key support of the 26,000–25,950 zone, selling pressure may widen; however, holding above this zone could take the index toward the 26,100–26,150 zone. The trading range for the next couple of sessions could be 25,950–26,300.
Chartist Talk: Bullish momentum intact in RVNL, IRFC on price action and technicals, Nifty F&O expiry seen in 25,970–26,130, says Sudeep Shah
Looking ahead, the 26,200–26,250 zone is likely to serve as a key barrier for Nifty 50. A convincing breakout above 26,250 could open the door for a swift upswing towards 26,500 and then 26,650 in the near term, said Sudeep Shah.
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Technical View: Nifty likely to hit 26,250 as long as 25,900 holds amid thin year-end volumes, say experts
Market participants cited foreign fund outflows and the absence of major domestic triggers for the cautious sentiment.
Chartist Talk: Milan Vaishnav expects Nifty 50, Bank Nifty to hit fresh highs soon; bullish on Nifty IT & these 7 stocks
Milan Vaishnav believes the Nifty IT Index is breaking out from a multi-month consolidation and may inch meaningfully higher from current levels.
Trading Plan: Will Nifty 50 defend 26,100, Bank Nifty hold above 59,000 amid ongoing consolidation?
As long as the Nifty 50 defends the 26,100–26,000 support zone, a move toward 26,250–26,400 remains possible despite ongoing consolidation.
Trade Spotlight: How should you trade PNB Housing Finance, GMDC, Titagarh Rail Systems, Indus Towers, City Union Bank, and others on December 26?
Further minor consolidation is expected to continue in the upcoming sessions before the market enters a fresh leg of the upmove. Below are some short-term trading ideas to consider.
Trade setup for December 26: Top 15 things to know before the opening bell
According to experts, the consolidation may continue for one or two more sessions; however, they remain hopeful of an upward journey toward the 26,300 and 26,500 levels in Nifty 50 in the short term, given the positive technical and momentum indicators.
Technical View: Hope for rebound remains as long as Nifty defends 26,000 amid consolidation as VIX hits new closing low
The monthly options data suggested a resistance range of 26,200–26,500, with crucial support at 26,000 for the Nifty 50.
Trading Plan: Can Nifty convincingly scale above 26,200, Bank Nifty surpass the 59,400 hurdle?
If the Nifty 50 gives a convincing close above 26,200, the levels of 26,325 (record high), followed by 26,500, cannot be ruled out. However, 26,000 is acting as the immediate key support, followed by 25,800.
