Nifty Slips 3rd Day, Holds Key Support; What to Expect on January 8?

• Nifty50 declined for the third consecutive session, closing 37 points lower at 26,140.
• Despite the fall, Nifty recovered from day's lows and maintained the crucial 26,100 support level.
• IT, Consumer Durables, and Pharma sectors showed strength, while Auto, Oil & Gas, and Realty were under pressure.
• Midcap and Smallcap indices outperformed the benchmark, closing with gains of about 0.4 percent.
• Experts suggest Nifty's broader trend remains bullish, with strong support at 26,000-26,100 and resistance at 26,300-26,400.

Why It Matters: Nifty holds crucial support despite 3-day slip; consolidation expected with bullish long-term trend.