NIFTY_50 View For Coming Day'sNifty 50 IndexNSE:NIFTYdixitsoham7NIFTY_50 View For Coming Day's Based on the current market data and technical setup for **January 1, 2026**, here is an analysis of the **Nifty 50** hourly chart and the key levels for entry and targets. The Nifty is currently showing a **Bullish Continuation** setup, specifically a **Flag and Pole** pattern on the hourly time frame, having recently reclaimed the **26,100** level. ### **Technical Analysis & Setup** The index has been consolidating in a tight range after a strong rally (the "Pole"). On the hourly chart, this consolidation is forming a "Flag" structure, indicating that the primary uptrend is likely to resume once resistance is broken. * **Current Status:** Trading near **26,155**, holding above the 20-day EMA. * **Trend:** Higher-high, higher-low structure remains intact. * **Momentum:** The RSI is recovering toward the 55–60 zone, suggesting building strength. --- ### **Entry & Target Levels** Risk 100 Points Reward 300 Point's (1:3) | Type | Level | Notes | | --- | --- | --- | | **Buy Entry** | **Above 26,200** | Confirm with a sustained 15-min candle close above this level. | | **Stop Loss** | **26,100** | A break below 26,000 invalidates the bullish flag pattern. | | **Target 1** | **26,300** | Minor psychological and recent swing high resistance. | | **Target 2** | **26,400** | Major target based on the pole's height projection. | | **Target 3** | **26,500** | Extended target if momentum remains strong through Jan 2nd. | --- ### **Market Context** 1. **Low Liquidity:** Since today is New Year's Day, global markets (US, Europe, Asia) are closed. Expect thin volume and potential volatility spikes. 2. **Sectoral Strength:** Auto and Banking sectors are showing relative outperformance. **Bank Nifty** has already given a clearer breakout above **59,800**, which often acts as a leading indicator for the Nifty 50. 3. **Support Zone:** The **26,100** level is now acting as immediate support (highest Put writing). As long as Nifty stays above this, the bias remains positive. > **Risk Note:** If the index slips below **25,950**, the current bullish pattern becomes vulnerable, and a move toward **25,700** (lower demand zone) could trigger.