Nifty Outlook: Experts Reveal Key Levels for Jan 2; ITC Drags Market

Business
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Moneycontrol•01-01-2026, 20:44
Nifty Outlook: Experts Reveal Key Levels for Jan 2; ITC Drags Market
- •Nifty closed 16 points higher at 26,146, holding above 26,100 despite limited range trading.
- •ITC's 9% fall due to increased excise duty on cigarettes significantly limited Nifty's overall gains.
- •Auto, Realty, and Metal sectors showed strength; FMCG, Pharma, and Healthcare declined.
- •Experts see Nifty consolidating between 26,100-26,200, with potential breakout towards 26,300-26,400.
- •Crucial resistance identified at 26,200-26,240; key support levels are 26,050, 26,030-26,000, and 25,900.
Why It Matters: Nifty eyes breakout from consolidation on Jan 2; experts highlight key resistance and support levels.
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