Nifty 50 is trading weak since the beginning of the week. The index is currently trading at 26,135, down 0.16 per cent. The advances/declines ratio is at 19:31. This is negative.
Nifty 50 Outlook
The near-term picture continues to remain negative. Intraday resistances will be at 26,200 and 26,270. Nifty can fall to 26,070-26,050 in the coming sessions. A break below 26,050 can see an extended fall 26,000 during the day. The 26,070-26,050 zone and 26,000 are important supports to watch.
We can expect the Nifty to reverse higher from either of these supports. Such a bounce can take the index up to 26,200-26,250 again.
Nifty will come under more selling pressure only if it declines below 26,000. If that happens, there is a danger of seeing 25,900-25,850 on the downside.
Nifty 50 Futures
The Nifty 50 January Futures (26,233) is down 0.21 per cent. A crucial intraday support is at 26,190. The contract has to sustain above it to avoid deeper fall. A break below 26,190 can drag the contract down to 26,150 or even 26,050 in the coming sessions.
On the other hand, if the contract manages to bounce back from around 26,190, a bounce to 26,250-26,280 can be seen.
The price action around 26,190 during the day will need a close watch.
Trade Strategy
Since the direction of move will depend on what happens to the support at 26,190, we suggest traders to stay out of the market for now.
Supports: 26,190, 26,150
Resistances: 26,280, 26,380
Published on January 7, 2026
