Aetram Research India - Sectoral Index Overview - 02.01.2026
Sectoral Index overview -02.01.2026
Nifty 50: The trend remains sideways with mild bullish bias above 26,000. Sustaining above 26,200 may trigger upside toward 26,350-26,500, while weakness below 26,000 can drag it to 25,850-25,700.
Bank Nifty: The outlook remains cautiously positive following a sharp recovery from recent pullback levels. As long as the index holds above 59,500, it has the potential to move toward the 59,900-60,200 zone. However, a rejection below 59,300 could trigger profit-taking pressure, dragging the index toward 59,000-58,800.
Nifty Financial Services: It continues to trade in a consolidation phase with a neutral undertone. A sustained move above 27,800 could pave the way for an advance toward 28,050-28,300. On the downside, a slip below 27,400 may intensify selling pressure and lead to a decline toward 27,150-26,900.
Nifty IT: The short-term structure remains corrective, though signs of stabilisation are emerging. Holding above the 38,000 mark could support a recovery attempt toward 38,600-39,000. Conversely, a break below 37,800 may extend the corrective phase toward 37,300-37,000.
Nifty Auto: Trend remains bullish with strong momentum. Sustaining above 28,200 supports further upside toward 28,700-29,000, while only a break below 27,800 would weaken the bullish structure for the short term.
Nifty FMCG: It turns bearish after a sharp breakdown. Holding below 54,000 keeps pressure toward 53,400-53,000, while only recovery above 54,500 can stabilise and attempt a rebound toward 55,200-55,500.
Nifty Pharma: The index continues to move within a range, though with a mildly positive undertone. Holding above 22,600 could support an extension of the recovery toward 22,900-23,100. On the downside, a slip below 22,450 may pull the index back toward 22,200-22,000.
Nifty Metal: The strong bullish structure remains intact, marked by a series of higher highs. As long as the index stays above 11,000, further upside toward 11,350-11,600 remains likely. A break below 10,800 would be the first sign of short-term momentum exhaustion.
Nifty Realty: It remains sideways with a slight positive bias. Sustaining above 880 could drive a move toward the 895-910 zone, while rejection below 870 may weaken the setup and drag the index back toward 855-845.
Nifty Energy: A recovery-led bullish bias continues as long as the index holds above 35,200. Sustained strength may lift the index toward 35,800-36,200, whereas a break below 34,900 could trigger corrective pressure toward 34,400-34,000.
Nifty PSU Bank: Index is in sideways-to-bullish trend after a strong rebound. Sustaining above 8,500 can extend upside toward 8,650-8,800, while a slip below 8,420 may trigger profit booking toward 8,250-8,100.
Nifty Private Bank: The short-term outlook has turned positive following the recent recovery. As long as the index remains above 28,600, it retains the potential to advance toward 28,950-29,200. On the downside, rejection below 28,450 could lead to a decline toward 28,200-28,050.
Nifty Media: The positive trend continues to hold. Maintaining levels above 1,440 keeps the upside potential open toward the 1,470 -1,500 zone, while a move below 1,415 could dampen momentum and lead to a decline toward 1,385-1,360
