Nifty Trading Plan for January 7
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Moneycontrol07-01-2026, 03:53

Nifty 50's Losing Streak: Will it Continue? Bank Nifty Eyes Record High!

  • Nifty 50 faces potential consolidation below 26,200, with crucial support at 26,000; experts advise caution.
  • Bank Nifty shows bullish momentum, eyeing 60,400-60,500 if it holds 59,800 support, potentially reaching new highs.
  • Nagaraj Shetti suggests buying Nifty January Futures near 26,200 (SL 26,000, Target 26,500) and Bank Nifty near 60,300 (SL 60,000, Target 61,300).
  • Ashish Kyal expects Nifty range-bound between 26,100-26,400, while Bank Nifty needs to break 60,300 for continued bullish momentum.
  • Preeti K Chabra advises a buy-on-dips strategy for Nifty near 26,124 (SL 26,023, Target 26,373) and Bank Nifty near 59,850 (SL 59,663, Target 60,437).

Why It Matters: Nifty faces consolidation, while Bank Nifty shows strong bullish potential; experts recommend buy-on-dips.

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