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NIFTY 50 : 23151 weekly change (-5.31%)

inference & Expectations

* As highlighted in our previous report, the index was expected to weaken below 24,300, with downside targets of 24,000 and 23,800, which have largely played out as anticipated. The index continues to witness selling pressure on every rise, forming the fifth consecutive week of lower highs and lower lows, indicating a short-term downtrend. The index is also trading below its 100-week EMA, reflecting cautious sentiment among market participants. The MACD indicator remains in negative territory with a declining histogram, signaling weak upside momentum. Additionally, Brent crude hovering near $100 per barrel poses a concern for equities as it adds to macro headwinds.

* For Traders: Short positions may be considered below 23000. Then index holds downside potential towards 22700 & 22500. To manage risk effectively, a stop-loss should be placed at 23300 on a closing basis.

* For Investors: Investors can consider accumulating at 22700 - 22500 zone. The target for this investment is set at 28600 level, offering significant upside potential.

NIFTY CPSE : 7082.40 weekly change (-1.15%)

Observation

* The Nifty CPSE Index has exhibited a robust structural uptrend since 2020, reflecting sustained strength in the PSU space. Recently, in January 2026, the index witnessed a breakout from a triangular consolidation pattern, signaling a resumption of its broader upward trajectory. • On the daily scale, the index continues to form a higher high–higher low structure and has been respecting its 12, 26, and 50 DEMA, highlighting the strength of the prevailing trend.

* From a momentum perspective, the weekly RSI is gradually heading towards the 70 mark, indicating strengthening upside momentum and improving buying interest.

* Overall, the positive price structure along with supportive momentum indicators suggests that the index is likely to maintain its upward bias, and any short-term consolidation may present opportunities for the trend to extend further.

Inference & Expectations

* Based on the overall price structure and the evidence supported by indicators, it can be inferred that the NIFTY CPSE Index trend is positive.

* We expect the Index to remain positive with the potential upside would be 8000 & 8350 level.

* Our view will be negated if we see prices sustaining below 6700.

* ACCUMULATE : CPSEETF

NIFTY REALTY: 709.80 weekly change (-4.34%)

Observation

* The Nifty Realty Index has remained a consistent underperformer since June 2024, indicating persistent weakness within the real estate sector.

* The index continues to form a lower top–lower bottom structure, while sustaining below its key moving averages, reflecting a deteriorating price structure and weak trend development.

* On the weekly timeframe, the index has broken below the major swing low formed in April 2025, which further confirms the continuation of the prevailing downtrend and signals sustained selling pressure.

* Moreover, the MACD momentum indicator remains in negative territory with a downward slope, highlighting expanding downside momentum and lack of bullish participation in the sector

SEBI Registration number is INH000000081.

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