Nifty:25876.85/-263.9/-1.01%;Candle:OGD;Long day red; Bank Nifty:59686.5/-304.35/-0.51% Candle:OGD;Short day red ; HB:OGD;Short day green;948;RIL:OF;Long day red;1471;TCS:OGD;Long day red;3196;
Market wrap up(DWM,T,N,E):The Nifty 50 decisively fell below short- and medium-term moving averages in a single session on January 8, plunging a little over 1 percent. In fact, it was broad-based selling, with the broader markets correcting nearly 2 percent as bears took complete control of the market. A rebound may be possible after four days of weakness, but sustainability will be the key factor to watch. If the index sustains below the 50 DEMA (25,900), the downward journey may extend toward 25,700, while crucial support is placed at 25,500. However, on the higher side, 26,000 is expected to act as resistance, as only a convincing close above this level can revive buying interest, experts said. The Nifty 50 formed a long bearish candle on the daily charts, with the continuation of a lower high–lower low formation for the third straight session, accompanied by above-average volumes. The market mood appears to be deteriorating as the index slipped below short- and medium-term moving averages. The RSI dropped to 44.11 with a negative crossover, while the MACD turned bearish, with the histogram declining below the zero line. All this indicates strengthening bearish momentum in the short term. The Bank Nifty formed a bearish candle with upper and lower shadows on the daily charts, falling about half a percent, which is a smaller loss compared to the Nifty 50. The index continued to hold above short-term moving averages and the midline of the Bollinger Bands, as well as the falling support trendline, which is a positive sign. However, the RSI turned slightly bearish and dropped to 56. The MACD remained above the reference line, but momentum faded further in the histogram. All this indicates a phase of consolidation with a cautious undertone.
Nifty:26140.75/-37.95/-0.14%;Candle:OGD;Doji; Bank Nifty:59990.85/-127.55/-0.21% Candle:OF;Doji ; HB:OGD;Short day red;950;RIL:OF;Short day red;1505;TCS:OGD;Long day green;3294;
Market wrap up(DWM,T,N,E):The Nifty 50 maintained consolidation with a negative bias for the third straight day, falling 0.14 percent and witnessing an indecisive pattern for two consecutive sessions on January 7. Cautionary signals continued from momentum indicators. Hence, consolidation with range-bound trade is expected to continue for a few more sessions before the index stabilises and rebounds. The index needs to surpass and hold above 26,200 for a move towards new highs. Until then, consolidation may persist with crucial support at 26,000, which coincides with the 20-day SMA and upward-sloping support trendlines, experts said. The Nifty 50 formed a Doji candlestick pattern for the second consecutive session, indicating indecision between bulls and bears, especially after forming a bearish candle on the day it hit a record high. The index tested short-term moving averages intraday but managed to remain above them on a closing basis. The index continued to hold well above the midline of the Bollinger Bands, while the RSI declined to 53.96 and showed a negative crossover. The Stochastic RSI sustained a bearish crossover, while the MACD stayed above the reference line, though momentum in the histogram faded further. All these indicators point to near-term consolidation with a cautious undertone. The Bank Nifty formed a small bearish candle with a long lower shadow on the daily charts, indicating minor weakness along with strong buying interest at lower levels. The index traded near the upper Bollinger Bands and remained above all key moving averages as well as the support trendline. The index corrected 0.2 percent on above-average volumes. The RSI edged lower to 62.85 but continued to hold above the reference line. The MACD also stayed above the signal line, though histogram momentum faded slightly. The Stochastic RSI remained below the reference line. All these signals indicate mild consolidation with a positive underlying structure.
Nifty:26178.7/-71.6/-0.27%;Candle:OGD;Doji; Bank Nifty:60118.4/74.2/0.12% Candle:OGD;Short day green ; HB:OGD;Doji;;963RIL:OGD;Long day red;1509;TCS:OGD;Short day green;3257;
Market wrap up(DWM,T,N,E):The market continued to consolidate and witnessed profit booking for the second consecutive session, especially after hitting a new high, closing one-third of a percent lower and falling below the support trendline (which previously acted as a resistance trendline at 26,200) on January 6. The index continued to trade above all key moving averages, but momentum indicators signalled some short-term caution. Hence, if the index sustains below 26,200, the consolidation may continue, with the crucial support of 26,000 likely to be tested in the next few sessions, as a decisive fall below this level could bring bears into action. However, the 26,300–26,400 zone is expected to act as a resistance area, according to experts. The Nifty 50 formed a small red candle with long upper and lower shadows and above-average volumes, resembling a doji or high-wave-like candlestick pattern on the daily timeframe, signalling indecision and volatility. The index saw a breakdown below the support trendline but continued to hold above all key moving averages. The Stochastic RSI turned bearish, while the RSI dropped to 55.62 and moved toward the reference line. The MACD remained above the signal line, but the bullish bias faded slightly in the histogram. All these indicators suggest short-term consolidation with caution. The Bank Nifty performed better than the Nifty 50 and nearly defended the previous day’s low, forming a bullish candle with upper and lower shadows on the daily charts with above-average volumes. The index also sustained above the upper Bollinger Band, which is in expansion mode, as well as the support trendline. The RSI at 66 held above the reference line, while the MACD also remained above the signal line with further upside in the histogram. All these indicators suggest relative strength and a positive bias compared to the benchmark.
Nifty:26250.3/-78.25/-0.3%;Candle:OF;Short day red; Bank Nifty:60044.2/-106.75/-0.18% Candle:OGU; Short day red; HB:OGU;Long day red;979;RIL:OGU;Inverted hammer red;1577;TCS:OF;Long day red;3213;
Market wrap up(DWM,T,N,E):The Nifty 50 corrected about one-third of a percent on profit booking on January 5 following a sharp rally in the previous session. However, the higher high–higher low formation continued for the fourth consecutive day, and the index held above the trendline support at around 26,200, which had earlier acted as a resistance line before turning into support. Momentum indicators also remained positive. As long as the index holds above 26,200, the possibility of a rebound towards the 26,400–26,500 zone cannot be ruled out. However, a decisive break below this level could push the index into a consolidation phase, with 26,000 emerging as a crucial support, below which bears may become active, according to experts. The Nifty 50 formed a bearish candle with minor upper and lower shadows on the daily timeframe, indicating selling pressure amid volatility. However, the higher top–higher bottom structure remained intact, and the index continued to sustain well above all key moving averages, with short-term moving averages trending upward. The MACD maintained a bullish crossover, with the histogram rising further. The RSI (58.79) and Stochastic RSI (86.96) edged lower but continued to stay above their respective signal lines, indicating that the overall momentum remains positive despite minor near-term weakness. The Bank Nifty also traded lower on profit booking, slipping 0.2 percent, but bulls remained in a strong position as the index sustained above the upper Bollinger Band and the falling trendline, which has now turned into support after acting as resistance earlier. The MACD stayed bullish, with the histogram climbing further. The RSI remained well above the reference line, though it dipped marginally to 65.05. All these indicators suggest that the broader trend for Bank Nifty remains positive, with only limited near-term consolidation risk.
Nifty:26328.55/182/0.7%;Candle:OF;Long day green; Bank Nifty:60150.95/439.4/0.74% Candle:OF;Long day green ; HB:OF;Long day green;1000;RIL:OGU;Short day green;1593;TCS:OGU;Short day green;3246;
Market wrap up(DWM,T,N,E):The Nifty 50 recorded a healthy run on January 2, surpassing its previous record high after a month and finishing at a new closing high with 0.7 percent gains, while broader markets also joined the rally. The bullish momentum and technical indicators remained strong. Hence, the overall mood is expected to be in favour of bulls. The index needs to decisively surpass 26,350 for a move towards 26,500–26,700. Until then, it may consolidate with range-bound trading, with the 26,100–26,000 zone acting as a key support, according to experts. The Nifty 50 formed a long bullish candle after a falling resistance trendline breakout on the daily charts, with above-average volumes and a move above the upper Bollinger Bands, signalling a healthy bias in the market. The index sustained well above all key moving averages, with short-term moving averages trending upward. The RSI climbed to 62.39, the Stochastic RSI maintained a bullish crossover, and the MACD turned positive with the histogram gaining further strength. All this indicates strong bullish momentum and improving market sentiment. he Bank Nifty also reported a long green candle after decisively breaking out above the 59,800 hurdle, rising 0.74 percent and hitting a new high of 60,204 with above-average volumes, indicating strong momentum. The banking index closed well above the upper Bollinger Bands, while the RSI jumped to 67.55. The MACD recorded a bullish crossover, with the histogram climbing above the zero line. All this indicates sustained strength and continued bullish dominance in the banking space.
Nifty:2626146.55/16.95/0.06%;Candle:OGU;Doji; Bank Nifty:59711.55/129.7/0.22% Candle:OGU;SHort day red ; HB:OGU;Doji;991;RIL:OGU;Doji;1573;TCS:OGU;Short day green;3225;
Market wrap up(DWM,T,N,E):The Nifty 50 maintained its upward journey for another session amid range-bound trading and closed 17 points higher on January 1. The index made an attempt to hit the 26,200 level, which also coincides with a falling resistance trendline, but failed to sustain near it and finished slightly below 26,150. Momentum and technical indicators remained supportive; hence, experts believe the index is expected to give a strong breakout above 26,200 and march toward the 26,350–26,400 zone in the upcoming sessions. Until then, minor consolidation may continue, with immediate key support placed in the 26,050–26,000 zone. The Nifty 50 formed a small-bodied bearish candle with minor shadows on the daily charts, indicating range-bound trading, but continued its higher high–higher low structure for another session after taking support and forming a higher bottom on the day of the Doji candle formation on December 30. Further improvement was seen in momentum indicators, with the RSI at 56.65 and the Stochastic RSI maintaining a bullish crossover. The MACD showed a bullish breakout, with the histogram climbing above the zero line. All these indicators suggest continued underlying strength in the trend despite short-term consolidation. The Bank Nifty also witnessed range-bound trading, forming a small bullish candle on the daily timeframe and closing near the upper Bollinger Bands. The index could not move beyond the previous day’s high, though it continued its upward journey for the third straight session, rising 130 points. The RSI climbed to 61.95 and the Stochastic RSI reached 81.50, while the MACD remained on the verge of a bullish crossover, with weakness in the histogram fading further. All these indicators point to sustained bullish bias with a possibility of continuation once resistance levels are crossed.
Nifty:26129.6/190.75/0.74%;Candle:OF;Long day green; Bank Nifty:59581.85/410.6/0.69% Candle:OF;Long day green ; HB:OF;Doji;993;RIL:OF;Long day green;1569;TCS:OGD;Long day red;3210;
Market wrap up(DWM,T,N,E):The Nifty 50 broke its four-day losing streak and negated the lower high–lower low formation of the previous three sessions, climbing decisively above the midline of the Bollinger Bands (i.e., the 20-day SMA at 25,987, which is close to 26,000) and closing 0.74 percent higher on December 31. This not only marked a healthy beginning to the January 2026 series but also brought the index back into momentum. Hence, as long as the index sustains above 26,000, 26,200—the immediate key resistance zone—remains the level to watch. Holding above it can open the door for a new high; however, the crucial support is now placed at 25,880, the low of the recent Doji formation, experts said. The Nifty 50 formed a long bullish candle with a minor upper shadow on the daily charts following the Doji pattern formation in the previous session, which ultimately confirmed a higher-bottom formation and the continuation of the larger-degree higher high–higher low structure. The index sustained above short-term moving averages and the midline of the Bollinger Bands. Momentum indicators also showed improvement, with the RSI rising to 56.07 and registering a bullish crossover. The Stochastic RSI and MACD climbed toward their reference lines, with weakness fading in the histogram. All this indicates strengthening bullish momentum. The Bank Nifty also reported a long green candle with a minor upper shadow on the daily timeframe and hit the upper Bollinger Bands after decisively breaking above the falling resistance trendline, signalling a healthy trend. The banking index convincingly climbed above the midline of the Bollinger Bands and short-term moving averages, indicating the beginning of momentum. Improvement was also visible in momentum indicators, with the RSI (60.07) and Stochastic RSI showing bullish crossovers, while the MACD moved toward its reference line with weakness fading in the histogram. All this indicates improving strength in the banking space.
Nifty:25938.85/-3.25/-0.01%;Candle:OF;Doji; Bank Nifty:59171.25/238.9/0.41% Candle:OF;Short day green ; HB:OGD;Short day green;995;RIL:OGD;Doji;1541;TCS:OGD;Doji;3255;
Market wrap up(DWM,T,N,E):The benchmark Nifty 50 finished the session flat with a negative bias on the monthly F&O expiry day on December 30, extending its downtrend for the fourth consecutive day. Technical and momentum indicators remained bearish; however, the recovery toward the psychological 26,000 mark in the afternoon and the formation of a neutral pattern at the support level (after the recent decline) raised the possibility of a bounce-back in the upcoming sessions. In such a case, an upward move toward the 26,100–26,300 zone is possible. However, failure to confirm a rebound in the following session could drive the index down toward the 25,800–25,700 zone, experts said. The Nifty 50 formed a Doji candlestick pattern on the daily timeframe at the support level, indicating indecision between bulls and bears after the recent decline. The index remained below short-term moving averages and the midline of the Bollinger Bands. Momentum indicators continued to signal bearishness, with the RSI sustaining below the 50 mark. All these factors indicate a cautious outlook and the need for confirmation in the next session. The Bank Nifty formed a bullish candle, resembling a bullish engulfing-type pattern (not a classical one), on the daily charts after the recent decline, indicating improving sentiment. The index took support at an upward-sloping trendline and climbed above short-term moving averages. It tested but failed to close above the midline of the Bollinger Bands. Momentum indicators turned mildly supportive, with the RSI (53.25) on the verge of a bullish crossover and the Stochastic RSI climbing above the reference line. The MACD stayed below the reference line, though weakness in the histogram faded. All these factors indicate emerging strength, though confirmation is still awaited.
Nifty:25942.1/-100.2/-0.38%;Candle:OF;; Bank Nifty:58932.35/-79/-0.13% Candle:OF; ; HB:OF;Short day red;993;RIL:OF;Short day red;1547;TCS:OF;Short day red;3256;
Market wrap up(DWM,T,N,E):The Nifty 50 remained under pressure for the third straight session, falling four-tenths of a percent on December 29 ahead of the monthly F&O expiry due on December 30. The index broke below short-term moving averages and the midline of the Bollinger Bands, accompanied by bearish momentum indicators. The next support is placed at the 50 EMA (25,830), followed by 25,726 as a key support zone. If the index breaks below 25,726, the higher high–higher low formation could get negated and bears may take control. However, holding consistently above this level and bouncing back may raise the possibility of the index moving toward 26,300 and the continuation of the higher high–higher low structure, experts said. The Nifty 50 formed a bearish candle on the daily timeframe and dropped below short-term moving averages, signalling bearish sentiment. Momentum indicators also remained weak, with the RSI falling below 50 to 49.06, while the Stochastic RSI sustained below its reference line. The MACD turned bearish, with the histogram falling below the zero line. All these indicators point to short-term weakness in the index. The Bank Nifty formed a bearish candle with upper and lower shadows on the daily charts, indicating indecision between bulls and bears. The banking index sustained below short-term moving averages (10- and 20-day EMAs) and the midline of the Bollinger Bands, while momentum indicators remained bearish, with the RSI falling to 48.5. The MACD also sustained below its reference line with consistent weakening in the histogram. All these signals indicate short-term uncertainty and bearish bias in the Bank Nifty.
Nifty:26042.3/-99.8/-0.38%;Candle:OF;; Bank Nifty:59011.35/-172.25/-0.29% Candle:OF; ; HB:OGD;Short day red;992;RIL:OGD;Short day green;1560;TCS:OGD;Short day red;3277;
Market wrap up(DWM,T,N,E):The Nifty 50 extended its downward move for another session, negating the higher-highs–higher-lows formation of the previous four consecutive days and falling 0.38 percent, though it defended short-term moving averages and the midline of the Bollinger Bands on December 26. According to experts, the market is expected to remain rangebound amid low volumes. If the index falls and sustains below the immediate key support of the 26,000–25,950 zone, selling pressure may widen; however, holding above this zone could take the index toward the 26,100–26,150 zone. The trading range for the next couple of sessions could be 25,950–26,300. The Nifty 50 formed a bearish candle with minor upper and lower shadows on the daily charts, indicating weakness, though support was seen at short-term moving averages and the midline of the Bollinger Bands on a closing basis. The index witnessed a lower-high–lower-low formation for the first time in the last five sessions. The RSI, at 52.97, inched down toward the reference line, while the Stochastic RSI showed a negative crossover. The MACD sustained slightly above the reference line, though the histogram strength weakened. All this indicates cautious sentiment with increasing downside risk unless key supports hold. The Bank Nifty formed a bearish candle with upper and lower shadows on the daily timeframe, indicating weakness amid volatility. The index sustained below short-term moving averages as well as the midline of the Bollinger Bands. The RSI dropped to 50.06, and the Stochastic RSI turned bearish. The MACD remained below the reference line, with weakness in the histogram. All this indicates a weak short-term trend with limited upside until key resistance levels are reclaimed.
