Indian stock markets fell sharply on January 8, 2026, with Sensex down 730 points and Nifty below 26,000 amid US tariff fears. Analysts suggest support, resistance and strategy ahead for markets
In the worst-scenario, though, Emkay Global warns that Nifty may hit 25,000 in Q1-2026. Rupee weakness, and US tariff uncertainy remain key risks
Vinay Rajani of HDFC Securities says Divis Labs share price has broken out from the box pattern on the daily chart with the primary trend of the stock staying bullish
Bank Nifty has to hold above 59,000 zones for a bounce towards 59,500 then 59,750 zones while on the downside support is seen at 58,750 then 58,500 levels
Decisive close below 50 DEMA would result into positional bullish trend violation in Nifty. On the upside, a level above 26,100-26,150 band would bring back the bullish momentum in the Nifty
The recent slide, following Friday's RBI-driven rally, has weakened the short-term sentiment, and we now view 25,650 as the next critical support
Combined with persistent fiscal deficits, slower global growth and rising geopolitical concerns, suggest gold is entering a 'higher-for-longer' regime, and may scale $5,000 over the next year, it said
During the weekly expiry session, Nifty witnessed heightened volatility and ended the day at 25,839, down 120 points
According to analysts at HDFC Securities, resistance on any rebound remains around the 26,300 mark
On the daily chart, Nifty formed a bearish candle and continues to maintain a sequence of lower highs and lower lows for the fourth straight session indicating sustained pressure
A decisive close below 25,838 level could mark a short-term trend reversal for Nifty from bullish to bearish, potentially paving the way for a decline towards the next support near 25,740
The Nifty can rally to 26,350 - 26,500 as and when it clears the 26,200 hurdle, says Drumil Vithlani, Technical Analyst of Bonanza.
Technical charts suggest that short-term trend of Sensex, Nifty and MidCap indices is positive, and can rally up to 11%; SmallCap, however, shows a negative bias. Here are the key levels to track.
For the Nifty 50 index, 25,100-level shall be the next key level to watch out for. A breach can take it further down.
Chandan Taparia of Motilal Oswal says BPCL share price has broken out of a falling supply trendline on the daily chart with high volumes, supporting positive outlook.
Stocks to buy today, November 6: Nifty has shown follow up selling after forming top two back-to-back indecision candlestick pattern on the weekly chart
Stocks to buy: Ajit Mishra of Religare Broking recommends buying BCPL, Grasim Industries, and Power Grid; also suggests Nifty trading strategy
Vinay Rajani, senior technical and derivative Analyst at HDFC Securities, recommends 'Buy' on Ujjivan Small Finance Bank and Zensar Technologies
The daily chart shows that Nifty is favourably placed, with shorter-term moving averages quoting above longer-term averages. Near support for the index is seen at 25,700 and 25,355 levels.
Data shows that over 50 per cent, or 255 stocks, from the Nifty 500 index had slipped below August 14 closing prices amid the over 3 per cent fall in Nifty 500 index from its recent high