TRADING CALLS
- Achiievers Equites Ltd
- Aiwin Commodity Borker Pvt Ltd
- Angel One
- Arihant Capital Markets Ltd
- Axis Securities
- Chirag Singhvi
- Choice International Ltd
- Elite Wealth Advisors Ltd
- Emkay Global Financial Services Ltd
- Geojit Financial Services Ltd.
- GEPL Capital
- Green India Commodities
- HDFC Securities
- Hem Securities Ltd
- ICICI Direct
- ICICI Securities
- InvestmentGuruIndia.com
- Jainam Share Consultants Pvt Ltd
- Karvy Currency Derivatives
- Kedia Commodities
- Maitra Commodities Pvt. Ltd.
- Mansukh Securities & Finance Ltd
- Monarch Networth Capital Limited
- Motilal Oswal Financial Services Ltd
- Nirmal Bang Securities Pvt Ltd
- Reliance Securities
- Religare Broking Limited
- Sky commodities Pvt Ltd
- SPA Securities Ltd
- Sushil finance
- Swastika Investmart Ltd
- Tradebulls Securities (P) Ltd
- Ventura Securities Ltd
Geojit Financial Services Ltd.
Published on 08-01-2026 11:05 am
Nifty Outlook
Momentum fizzled off yesterday on test of 26270 as feared exposing 26041-25960 and even 25800. That said, the last hour’s recovery attempts encourages us to follow upsides on break of 26160, aiming 26260. Expect volatility if unable to float above 26130.
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Please refer disclaimer at www.geojit.comSEBI Registration number is INH200000345
ICICI Direct
Published on 08-01-2026 09:58 am
Intraday Rational:
* Trend- Higher high-low structure within rising channel (25700-26300)
* Levels: Buy near 61.8% retracement of last 4 days up move(59587-60535)
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Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.htmlSEBI Registration number INZ000183631
ICICI Direct
Published on 08-01-2026 09:57 am
Technical Outlook:
* Index opened on a negative note and decline below previous session low, however witnessed supportive efforts from 61.8% retracement of last 5 days upmove(59240-60437) and oscillated within ~300 points range through out rest of its session. The daily price action formed small bear candle with lower shadow, indicating buying demand at lower levels
* Key point to highlight is that, Bank Nifty extended its breather for third-consecutive session, however holding firm above its key moving average support, indicating inherent strength. A decisive close above previous session high would confirm in a pause of ongoing correction and would help index to gradually resolve higher.
* Going ahead we maintain our positive outlook and expect Bank Nifty to accelerate its upward momentum and head towards 61500. Hence any dips from current levels should be viewed as buying opportunity as key support is placed at 59400 being 20-day EMA coinciding with 61.8% retracement of current up move.
* Structurally, Index has retraced its entire 4-weeks decline in a single week, while clocking a fresh all-time high, indicating faster pace of recovery.
* Nifty PSU Bank Index took breather in todays session after outperformance and witnessed breakout from 4 weeks trading range (8650-8063)and now Going ahead we expect it to head towards 9200 levels being measuring implication of range breakout in coming weeks
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ICICI Direct
Published on 08-01-2026 09:57 am
Nifty Bank : 59990
Technical Outlook
Day that was:
Bank Nifty ended the day on a marginally negative note, at 59880 down 0.2%. Nifty PSU Bank Index performed in line with benchmark down 0.3% whereas Nifty Private Bank did relatively better down 0.01%.
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ICICI Direct
Published on 08-01-2026 09:57 am
Key Monitorable for the next week:
a) Q3-FY26 earnings
b) US-India Trade Deal Intraday Rational:
* Trend- Higher high-low structure within rising channel (25700-26300)
* Levels: Buy near last Wednesday gap area(26130-26100) and 20-day EMA
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