Nifty Trading Plan for January 8
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Moneycontrol08-01-2026, 04:46

Nifty 50, Bank Nifty: Can Indices Break Consolidation? Experts Share Trading Strategies

  • Nifty 50 and Bank Nifty are in a consolidation phase, with experts suggesting sideways movement in the near term.
  • Nifty 50 faces crucial support at 26,000 and resistance in the 26,200–26,250 zone; a break above 26,250 could trigger a rally.
  • Bank Nifty's key support is 59,750–59,700, with resistance at 60,100–60,200; bullish structure intact above 59,400.
  • Broader markets (Nifty Midcap 100, Nifty Smallcap 100) are outperforming frontline indices, indicating strong stock-specific action.
  • Experts advise specific trading strategies for Nifty and Bank Nifty futures, including buy calls with defined stop-loss and target levels.

Why It Matters: Nifty and Bank Nifty are consolidating; watch key support/resistance levels for potential breakouts or dips.

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