Trade Setup Jan 6: Nifty Holds Key Support, VIX Rises, F&O Action Ahead of Opening Bell

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Moneycontrol•06-01-2026, 00:44
Trade Setup Jan 6: Nifty Holds Key Support, VIX Rises, F&O Action Ahead of Opening Bell
- •Nifty 50 corrected slightly but held above 26,200 support, maintaining a bullish formation despite profit booking.
- •Bank Nifty also saw profit booking but remained strong, sustaining above its upper Bollinger Band and a falling trendline.
- •Nifty's key resistance is at 26,300 (max Call OI), with crucial support at 26,000 (max Put OI).
- •India VIX surged 6.06% to 10.02, signaling caution, while Nifty PCR dropped sharply to 1.00.
- •Sammaan Capital added to F&O ban, SAIL retained; various stocks saw long/short build-up and unwinding.
Why It Matters: Nifty and Bank Nifty show resilience despite profit booking; watch key support/resistance levels.
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