Nifty Analysis by Angel One
For January 12, 2026
Nifty write up by Rajesh Bhosale, Equity Technical Analyst, Angel One.
Biggest fall in the last 3 months for markets; Nifty plunged below 25700
The Indian equity markets experienced a devastating trading week as new tariff concerns prompted a significant sell-off across the broader market, erasing the major developments achieved over the past seven weeks. The Nifty50 index saw a sharp correction of 2.50 percent during the week, marking one of its weakest performances in the past three months. As a result of these developments, the Nifty50 index has fallen below 25700, indicating a cautious outlook for the near future.
The entire week has been quite discouraging due to a lack of follow-up buying following the developments in Indian equities from the previous week. In particular, the last couple of sessions have weakened sentiment after the Nifty breached the 50-DEMA, which had been providing support to the index for the past three months. From a technical standpoint, the chart structure now shows a bearish bias, with the 25500-25400 zone identified as the next potential support area. On the flip side, the breakdown zone at 25900 (50 DEMA) is now expected to provide intermediate resistance, while the formidable barrier at 20 DEMA is positioned around the 26000-26050 zone, and a sustained breakout could only reignite buying momentum in the index. For now, it is advisable to maintain light position and utilize bounce to exit from long positions.
Considering the current market conditions, it is prudent to adopt a cautious stance. Any upward movement in the market should be regarded as a valuable opportunity to lighten long positions, rather than fostering a sense of complacency. Furthermore, it is essential to monitor global developments pertaining to geopolitical issues and emerging tariff concerns, as any significant changes in these areas are likely to induce momentum within our markets.
Key levels to watch
NIFTY
Support: 25500 – 25400
Resistance: 25900 – 26000
BANKNIFTY
Support: 59000 – 58700
Resistance: 59700 – 60000
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