NIFTY Intraday Chart Analysis (January 8, 2026)
LIVE
Updated 2 days ago
Trend Overview
The NIFTY intraday chart exhibits a clear downtrend, characterized by lower highs and lower lows. The price consistently trades below the 50-period (blue) and 200-period (green) moving averages, indicating bearish momentum. Currently, the 50-period MA is around 26,100, and the 200-period MA is near 26,160, reinforcing the downward pressure.
Recent Price Action
Recent sessions have seen a series of declines with brief attempts at recovery, reflecting prevailing negative sentiment. A notable breakdown occurred around 26,050, followed by a slight consolidation, hinting at continued bearish control.
Volume & Momentum Analysis
Volume spikes, particularly around the breakdown at 26,050, reached approximately 1.08M, suggesting significant selling pressure. Sustained high volume during declines supports the bearish momentum, potentially indicating institutional selling.
Try 3 Expert-Backed Trade Ideas On Us
Get a first-hand experience of our SEBI-registered research.
Key Support & Resistance Levels
Key support is evident around 26,000, a psychological level. Resistance is prominent near 26,160, coinciding with the 200-period MA, where sellers have repeatedly exerted influence.
Disclaimer: The views expressed here are based on a research analyst's analysis, and there is no guaranteed outcome. This material does not contain investment advice.
Hourly Market Snapshot – 11:01 AM IST
- NIFTY 50, BSESENSEX
The NIFTY 50 is down 0.47% to 26,017, while the BSESENSEX falls 0.41% to 84,614.90, reflecting profit-booking amid geopolitical tensions and global economic concerns.
- Sectorial Highlights
The banking and IT sectors are the worst performers, both declining approximately 1.5%, while the IT sector shows resilience with a 0.8% gain, buoyed by strong earnings reports.
- Stock Movers
SBI Life Insurance shares rose 0.79% to ₹2,086.90, supported by a favorable analyst outlook and increased mutual fund holdings, indicating strong investor confidence. Investor sentiment remains cautious, influenced by ongoing geopolitical uncertainties and inflation concerns, with market participants closely monitoring global cues for direction.
Premium Intraday Calls
Get real-time access to high-conviction intraday trade calls. Only successful trades are charged!
Future & Intraday Trade Opportunities
Access actionable trade ideas curated by SEBI-registered research analysts.
Explore Premium Services
Moderate Risk
MIS
Avg Return
Research
Verified Reviews
Shah Vimlesh
2 Days agoI have been using the service for basic stock options and I am impressed at their accuracy levels and customer support. Really I appreciate their service.
Dr. Pradeep Das
3 Days agoI had taken 4 subscription plans ..intraday and positional n swing trading and multibagger ..I thank them for excellent service.
Gurdeep Singh Mann
23 Hours agoGood service 98% profitable calls high return with low investment. Good sales manager services and very friendly talking. They give us every solution and guidance for trading.