Aetram Research India - Sectoral Index Overview - 01.01.2026
Sectoral Index overview -01.01.2026
Nifty 50: The index is consolidating near the resistance zone of 26,200-26,250 after a recent recovery. Immediate support is placed at 26,050-26,000. The short-term bias remains neutral to slightly bearish while this range holds.
Bank Nifty: It remains range-to-positive, rebounding from 58,800 support; sustained trade above 59,600 may trigger upside toward 60,000, while failure keeps price oscillating within a broad consolidation.
Nifty Financial Services: The index continues to move sideways within the 27,300-27,700 range. Choppy price action reflects indecision, keeping the overall bias neutral in the absence of clear momentum.
Nifty IT: The broader trend remains bearish after a sustained decline from highs near 39,500. The index is testing support around 37,800-37,900, while resistance is seen at 38,200-38,400, keeping downside risks elevated.
Nifty Auto: The uptrend remains intact as the index trades near record highs around 28,200. Strong bullish momentum is supported by key support at 27,900-28,000, with potential upside toward 28,300-28,400.
Nifty FMCG: The index continues to recover from recent lows near 54,200 and is currently testing the resistance zone of 55,500-55,600. Immediate support is placed at 55,000-54,800. The short-term bias remains neutral to slightly bullish.
Nifty Pharma: The price action remains range-bound following the recent recovery, with consolidation between 22,400 and 22,800. The bias stays neutral amid choppy movement, with resistance at 22,800-23,000 and support at 22,600-22,400.
Nifty Metal: It has witnessed a strong bullish breakout, scaling fresh highs near 11,200. The broader trend is firmly bullish, with momentum favouring further upside. Key support lies at 11,000-10,800, while resistance is seen at 11,200-11,300.
Nifty Realty: The index remains weak in consolidation after a prolonged decline, trading between 865–890; bias stays bearish-to-neutral below 885–890 resistance, while sustained hold above 870–865 is critical.
Nifty Energy: The chart shows a gradual recovery after the December correction, facing resistance at 35,400-35,500; holding above 35,000-34,800 keeps near-term bias neutral to mildly bullish.
Nifty PSU Bank: The index remains in a strong uptrend from recent lows, consolidating near 8,500-8,600; bullish bias holds above 8,400-8,300, while a breakout above 8,700 can resume upside momentum.
Nifty Private Bank: It continues to trade in a broad sideways range, oscillating between 28,300 and 28,900. The recent sharp rebound from the lower band suggests short-term strength, but repeated rejection near 28,800-28,900 highlights strong overhead supply. Support lies at 28,500-28,400.
Nifty Media: The index is attempting a gradual recovery from the 1,380-1,400 support zone. Price has moved back toward 1,440-1,450, which now acts as immediate resistance. While momentum has improved, the broader structure still reflects lower highs, keeping the bias neutral to slightly bearish unless the index sustains above 1,460.
