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Below the Quote on Pre-Market Comment 06th January 2026 by Aakash Shah, Technical Research Analyst, Choice Broking Ltd

Indian equity markets are likely to open positively on Tuesday, supported by firm global cues and a strong indication from SGX Nifty, which is trading around +70 points, signalling a gap-up start for domestic benchmarks. Improved risk sentiment across Asian markets and short-covering after recent consolidation are expected to aid early momentum, although follow-through buying may remain selective at higher levels.

From a technical standpoint, the Nifty 50 continues to trade within a broader consolidation zone but with a positive bias. Immediate support is seen around 26,100–26,150, while resistance is placed near 26,400–26,450. A decisive breakout above this resistance band could pave the way for an upside move towards 26,500 and higher, whereas inability to sustain above higher levels may once again lead to range-bound trade. Traders are advised to trail positions and avoid chasing sharp opening moves.

The Bank Nifty is also expected to open firm, tracking strength in frontline banking stocks. Key support lies near 59,700–59,800, while resistance is placed around 60,300–60,400.

On the volatility front, India VIX remains at subdued levels, reflecting low fear and stable market expectations. While low volatility supports buy-on-dips and range-trading strategies, it also signals complacency, making markets vulnerable to sudden spikes on unexpected news or global developments.

Overall, the market setup suggests a positive but cautious start, with traders focusing on stock-specific action, momentum names, and sectoral leadership while keeping an eye on key resistance levels during the session.

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