Nifty 50 seems to be stuck inside a sideways range over the last one week. The index has been oscillating between 25,470 and 25,940. Within this range, it is now attempting to inch higher. Nifty is currently trading at 25,745, up 0.31 per cent. The advances/declines ratio is at 29:21. This is positive for now. But the trend has to sustain in favour of the advances in order to push the index further higher.
Nifty 50 outlook
The immediate outlook is unclear. Intraday support is at 25,600 and resistance is at 25,800. So, 25,600-25,800 can be the narrow trading range within the broad 25,470-25,940 range. We will have to wait for the breakout on either side of 25,600 or 25,800 to get clarity on the next move.
Ideally, Nifty has to break the broader 25,470-25,940 range to determine the next direction of move. Until then it will be a wait and watch situation.
Nifty 50 futures
The Nifty 50 January futures (25,820) is up 0.39 per cent. The price action this week indicates that the contract is getting strong support in the 25,700-25,600 region. That leaves the bias positive.
We expect the Nifty 50 January futures contract to rise to 26,000-26,050 in the coming sessions. A fall below 25,600 is needed to negate this positive bias.
Trade strategy
Traders can go long now at 25,820. Accumulate on dips at 25,780. Keep the stop-loss at 25,680 initially. Trail the stop-loss up to 25,860 as soon as the contract goes up to 25,895. Revise the stop-loss higher to 25,910 and 25,960 when the contract touches 25,945 and 25,990 respectively. Exit the long positions at 26,030.
Traders can hold this trade and carry forward to next week.
Supports: 25,700, 25,600
Resistances: 25,950, 26,050
Published on January 16, 2026
