Nifty Hits New Record, Experts Predict Volatile Path Ahead for Jan 6

• Nifty scaled a new record of 26,373 but struggled to hold above 26,300 amidst profit booking and market concerns.
• Heavyweight stocks like Reliance Industries and HDFC Bank showed weakness, while IT stocks faced pressure ahead of Q3 earnings.
• Despite strong Q3 business updates from most companies, geopolitical tensions, FII selling, and valuation concerns persist.
• Experts advise watching Nifty's 26,200 support and 26,300 resistance for January 6, with potential for rebound towards 26,700.
• Nifty Bank is in focus, defending 60,000 despite HDFC Bank's decline, with a positive broader outlook and 'buy on dips' strategy.

Why It Matters: Nifty hit a record but faces resistance; experts suggest buying on dips with key support levels.