Nifty 50 opened today’s session at 26,334 versus Friday’s close of 26,329. It is currently hovering around 26,340.
The advance/decline ratio of Nifty 50 stands at 31/19, showing a bullish bias. BEL (up 3 per cent) is the top gainer followed by Tata Steel (up 1.7 per cent). On the other hand, Infosys (down 3.1 per cent) and HCL Technologies (down 2.6 per cent) are the top losers.
Among the sectors, Nifty PSU Bank (up 1 per cent) and Nifty Realty (up 0.8 per cent) are the top gainers. On the other hand, Nifty IT (down 1.9 per cent) and Nifty Oil & Gas (down 0.5 per cent) are the top losers.
Nifty 50 futures
The January expiry Nifty futures opened today’s session higher at 26,500 versus last week’s close of 26,455. It is currently trading at 26,475.
After the initial drop, the contract has rebounded quickly. The price action shows a clear positive bias and the likelihood of a rally from the current level is high. Nifty futures can touch 26,600 today.
On the other hand, if the contract declines below 26,400, the intraday outlook can turn weak, and it can extend the fall to 26,200 and 26,000.
Trading strategy
Buy Nifty futures now at 26,475. Target and stop-loss can be 26,600 and 26,400 respectively.
Supports: 26,400 and 26,200
Resistance: 26,600 and 26,800
Published on January 5, 2026
