Nifty Snaps Losing Streak, Bulls Eye 26,000; Caution Advised Amid Mixed Signals
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Moneycontrol•13-01-2026, 01:29
Nifty Snaps Losing Streak, Bulls Eye 26,000; Caution Advised Amid Mixed Signals
- •Nifty 50 ended a five-day losing streak, gaining 0.4% on January 12, supported by strong buying and positive trade deal remarks.
- •A Piercing Line pattern formed on Nifty, suggesting a potential uptrend, but momentum indicators remain weak, calling for caution.
- •Key resistance for Nifty is at 25,950-26,000; a decisive rally above this could strengthen bulls, while 25,600 acts as immediate support.
- •Nifty Call options show maximum open interest at 26,000, indicating resistance, while Put options show maximum open interest at 25,500, indicating support.
- •India VIX rose for the third consecutive session, climbing above its 100-day EMA, signaling increased caution in the market.
Why It Matters: Nifty shows signs of recovery but sustained uptrend needs confirmation; caution advised due to mixed market signals.
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