Nifty 50 is attempting to bounce back after having fallen continuously for about a week. Nifty is currently trading at 26,004, up 0.25 per cent. The advances/declines ratio is at 39:11. This trend has to sustain for the Nifty to sustain higher and go further up from here. We will have to wait and watch.
Nifty 50 Outlook
Intraday support is at 25,970. Resistance is in the 26,050-26,060 region. The index has to sustain above 25,970 and rise past 26,060 in order to gain strength. If that happens, there are good chances to see a rise to 26,200-26,230.
The intraday picture will turn negative if the index breaks below 25,970. Such a break will then drag the Nifty down to 25,900-29,850.
Nifty 50 Futures
The Nifty 50 January Futures (26,194) is up 0.29 per cent. Cluster of supports are there in the 26,150-26,100 region. Resistance is around 26,230 which can be tested during the day. A strong break above 26,230 is needed to see further rise. Only then the upside will open up for an extended rise to 26,330-26,350.
On the other hand, the contract has to fall below 26,100 in order to come under pressure. If that happens, a fall to 26,000-25,950 is possible.
For now, we can look for a rise to 26,230 and then watch the price action to see what happens.
Trade Strategy
Although there are good chances to see a rise during the day, the risk/reward ratio is not favouring any trade just now. So, we suggest traders to stay out of the market.
Supports: 26,150, 26,100
Resistances: 26,230, 26,350
Published on December 31, 2025
