In the meantime, volatility barely edged greater; India VIX rose by 3.28% on a weekly foundation to shut at 9.45, nonetheless at traditionally subdued ranges.
Nifty’s present technical setup stays firmly bullish, however the index seems to be grappling with some congestion slightly below the higher Bollinger band. It stays in a robust uptrend, buying and selling above all key shifting averages. Nonetheless, momentum has moderated because the index trades at lifetime highs, hinting at doable fatigue except new triggers emerge. There is no such thing as a rapid signal of weak point, however the markets are coping with short-term overextension, and gentle indicators of enhancing market breadth are seen.
Nonetheless, this breadth nonetheless must broaden considerably for a wholesome up-move to maintain. The approaching week may even see a gradual begin; except any exterior catalyst intervenes, the bias stays constructive with a cautious undertone. The 2 most rapid resistance ranges to look at are at 26,500 and 26,720. Helps are anticipated close to 26,000 and 25,800. A breach above 26,500 may propel Nifty towards testing the higher finish of the Bollinger Band round 26,712, whereas any slip under 25,800 could result in gentle profit-taking.
The weekly RSI stands at 64.19; it stays impartial and doesn’t present any divergence towards the value. It has shaped a 14-period excessive, which is bullish. RSI is in a robust momentum territory with out being overbought. The weekly MACD stays above its sign line and continues to indicate a bullish crossover, though the histogram displays a comparatively flattened momentum. No classical candlestick reversal patterns have been noticed on the weekly chart.
From a sample perspective, Nifty has decisively damaged above the falling trendline resistance that had capped the highs since late 2024. It continues to respect the rising trendline help drawn from the March 2023 lows. The index is comfortably buying and selling above its 20-, 50-, and 100-week shifting averages. No reversal or exhaustion sample is presently seen on the weekly chart, though the shut proximity to the higher Bollinger band suggests a chance of some consolidation.
For the approaching week, it’s suggested that contributors undertake a measured method. Whereas the broader development stays constructive, selective profit-taking can’t be dominated out, particularly with the index buying and selling close to higher band. Merchants ought to defend good points vigilantly and keep away from aggressive recent shopping for at present ranges. A stock-specific method with a concentrate on sectors exhibiting relative power is advisable. Warning and disciplined danger administration stay key as we head into the primary full buying and selling week of 2026.
In our have a look at Relative Rotation Graphs®, we in contrast numerous sectors towards the CNX500 (NIFTY 500 Index), representing over 95% of the free-float market cap of all of the listed shares.
Relative Rotation Graphs (RRG) don’t point out any main shift in management from sectors. The PSU Financial institution, Infrastructure, Metallic, IT, Nifty Financial institution, and Monetary Providers
Indices are contained in the main quadrant. These teams will proceed to comparatively outperform the broader markets.
Each Nifty Auto and Metallic Indices are contained in the Bettering Quadrant. Nonetheless, each of them are seeing sharp enhancements of their relative momentum.
The Nifty Commodities, Consumption, FMCG, and Realty Indices proceed to languish contained in the lagging quadrant. These teams are prone to underperform the broader Nifty 500 Index comparatively. The Power, Media, and PSE Sector Indices are additionally contained in the lagging quadrant; nonetheless, they’re seen enhancing their relative momentum.
The Nifty Pharma Index is contained in the enhancing quadrant.
Vital Be aware: RRGTM charts present the relative power and momentum of a gaggle of shares. Within the above Chart, they present relative efficiency towards NIFTY500 Index (Broader Markets) and shouldn’t be used instantly as purchase or promote indicators.
In the meantime, volatility barely edged greater; India VIX rose by 3.28% on a weekly foundation to shut at 9.45, nonetheless at traditionally subdued ranges.
Nifty’s present technical setup stays firmly bullish, however the index seems to be grappling with some congestion slightly below the higher Bollinger band. It stays in a robust uptrend, buying and selling above all key shifting averages. Nonetheless, momentum has moderated because the index trades at lifetime highs, hinting at doable fatigue except new triggers emerge. There is no such thing as a rapid signal of weak point, however the markets are coping with short-term overextension, and gentle indicators of enhancing market breadth are seen.
Nonetheless, this breadth nonetheless must broaden considerably for a wholesome up-move to maintain. The approaching week may even see a gradual begin; except any exterior catalyst intervenes, the bias stays constructive with a cautious undertone. The 2 most rapid resistance ranges to look at are at 26,500 and 26,720. Helps are anticipated close to 26,000 and 25,800. A breach above 26,500 may propel Nifty towards testing the higher finish of the Bollinger Band round 26,712, whereas any slip under 25,800 could result in gentle profit-taking.
The weekly RSI stands at 64.19; it stays impartial and doesn’t present any divergence towards the value. It has shaped a 14-period excessive, which is bullish. RSI is in a robust momentum territory with out being overbought. The weekly MACD stays above its sign line and continues to indicate a bullish crossover, though the histogram displays a comparatively flattened momentum. No classical candlestick reversal patterns have been noticed on the weekly chart.
From a sample perspective, Nifty has decisively damaged above the falling trendline resistance that had capped the highs since late 2024. It continues to respect the rising trendline help drawn from the March 2023 lows. The index is comfortably buying and selling above its 20-, 50-, and 100-week shifting averages. No reversal or exhaustion sample is presently seen on the weekly chart, though the shut proximity to the higher Bollinger band suggests a chance of some consolidation.
For the approaching week, it’s suggested that contributors undertake a measured method. Whereas the broader development stays constructive, selective profit-taking can’t be dominated out, particularly with the index buying and selling close to higher band. Merchants ought to defend good points vigilantly and keep away from aggressive recent shopping for at present ranges. A stock-specific method with a concentrate on sectors exhibiting relative power is advisable. Warning and disciplined danger administration stay key as we head into the primary full buying and selling week of 2026.
In our have a look at Relative Rotation Graphs®, we in contrast numerous sectors towards the CNX500 (NIFTY 500 Index), representing over 95% of the free-float market cap of all of the listed shares.
Relative Rotation Graphs (RRG) don’t point out any main shift in management from sectors. The PSU Financial institution, Infrastructure, Metallic, IT, Nifty Financial institution, and Monetary Providers
Indices are contained in the main quadrant. These teams will proceed to comparatively outperform the broader markets.
Each Nifty Auto and Metallic Indices are contained in the Bettering Quadrant. Nonetheless, each of them are seeing sharp enhancements of their relative momentum.
The Nifty Commodities, Consumption, FMCG, and Realty Indices proceed to languish contained in the lagging quadrant. These teams are prone to underperform the broader Nifty 500 Index comparatively. The Power, Media, and PSE Sector Indices are additionally contained in the lagging quadrant; nonetheless, they’re seen enhancing their relative momentum.
The Nifty Pharma Index is contained in the enhancing quadrant.
Vital Be aware: RRGTM charts present the relative power and momentum of a gaggle of shares. Within the above Chart, they present relative efficiency towards NIFTY500 Index (Broader Markets) and shouldn’t be used instantly as purchase or promote indicators.
