The contract, after witnessing some consolidation, seems to have begun the next leg of downtrend. While it might inch up to 25,550 today, Nifty futures is likely to extend the fall to 25,250.
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Nifty 50 opened today’s session flat at 25,580 versus yesterday’s close of 25,586. It fell after opening and is currently hovering around 25,470, down 0.5 per cent.
The advance/decline ratio of Nifty 50 stands at 8/42, showing a considerable bearish bias. NTPC (up 0.6 per cent) is the top gainer followed by State Bank of India (up 0.5 per cent). On the other hand, Bajaj Finance (down 2.8 per cent) and Eternal (Zomato) (down 2 per cent) are the top losers.
All the sectoral indices are in the red, another indication of bear dominance so far today. Nifty Realty (down 1.9 per cent) and Nifty IT (down 1.1 per cent) are the top losers.
Nifty 50 futures
The January expiry Nifty futures opened today’s session at 25,600 versus yesterday’s close of 25,596. It declined after opening and is currently trading at 25,500, down about 0.4 per cent.
The contract, after witnessing some consolidation, seems to have begun the next leg of downtrend. While it might inch up to 25,550 today, Nifty futures is likely to extend the fall to 25,250.
In case the contract rises and surpasses 25,670, the intraday trend can turn positive. But as it stands, this is unlikely to occur. In order to establish a sustainable rally, Nifty futures ought to get past the resistance at 26,000.
Trading strategy
Sell Nifty futures (January) now at 25,550. Target and stop-loss can be 25,300 and 25,650 respectively.
Supports: 25,250 and 25,000
Resistance: 25,550 and 25,670
Published on January 20, 2026