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

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Moneycontrol•07-01-2026, 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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