NIFTY FUTURE OVERVIEW

NIFTY INDEX FUTURES (1-min, NSE) chart, here is a clear, practical technical explanation covering trend, buy/sell side, targets, stop-loss, and short / medium / long-term view with support–resistance.

1️⃣ Current Trend Analysis (As per Chart) Trend: Bearish / Downtrend

Price is below falling trendline

Price is below EMA (9)

Lower highs & lower lows structure visible

RSI ~37 → weak momentum, no bullish divergence

📌 Conclusion: ➡️ SELL / SHORT side is profitable in current structure ➡️ Avoid fresh BUY until trend reversal or strong support bounce

2️⃣ Intraday / Short-Term Trade View (1–15 days) 🔻 SELL ON RISE (Preferred Strategy) Sell Zone:

25,980 – 26,020 (near falling trendline & EMA)

Targets:

🎯 Target 1: 25,900

🎯 Target 2: 25,850

🎯 Target 3: 25,780 (if breakdown continues)

Stop Loss:

🛑 26,080 (closing basis)

📌 Risk–Reward: Favorable for shorts as long as price stays below 26,080

3️⃣ Support & Resistance Levels 🔴 Resistance Zones Level Reason 26,030 – 26,080 Trendline + EMA + Supply zone 26,150 Previous breakdown level 26,300 Major swing resistance

🟢 Support Zones Level Reason 25,900 Intraday support 25,850 Previous low 25,700 – 25,650 Strong demand zone 25,500 Medium-term support

4️⃣ RSI Interpretation RSI below 40 → bearish momentum

RSI not showing divergence → trend continuation likely

Buy only if RSI crosses 45–50 with price above EMA

5️⃣ Timeframe-Wise Technical View 🔹 Short Term (1–15 Days) Bias: Bearish

Strategy: Sell on rise

View: Expect further downside toward 25,700

🔹 Medium Term (1–4 Weeks) Bias: Mild Bearish to Range-bound

If NIFTY stays below 26,300, downside risk remains

Breakdown below 25,700 → opens 25,500

🔹 Long Term (1–3 Months) Trend: Neutral to Positive

Long-term bullish only if:

Sustains above 26,500

Forms higher high on daily chart

Otherwise, expect consolidation between 25,500 – 26,500

6️⃣ Final Trading Verdict ✅ Best Side Right Now: SELL / SHORT ❌ BUY only if:

Price breaks & sustains above 26,080–26,150

RSI > 50

Trendline breakout confirmed

ICICI Bank OVERVIEW

 

January 8, 2026, ICICI Bank (ICICIBANK) is showing a Bullish to Neutral stance. After a recent period of consolidation, the stock has shown strength, trading near the upper end of its 52-week range (₹1,187 – ₹1,494).

Below is the technical breakdown and strategy for various time horizons based on the current market price (CMP) of ₹1,434.

Technical Snapshot

Parameter Value / Level Trend Short-term: Bullish RSI (14) 43.2 - 55.0 (Improving from oversold towards neutral) Moving Averages Above 5-day and 20-day SMAs; testing 50-day SMA resistance. Immediate Support ₹1,410 Immediate Resistance ₹1,442

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Trading & Investment View

1. Short Term (1–15 Days) The stock is currently gathering momentum. It recently bounced off the ₹1,350-₹1,360 support zone.

Side: BUY on dips or above ₹1,442.

Targets: ₹1,470 | ₹1,495

Stop Loss: ₹1,405 (Closing basis)

2. Medium Term (1–6 Months) ICICI Bank is preparing for a breakout toward its all-time highs. Quarterly results (scheduled for Jan 17, 2026) will be the primary catalyst.

Side: BUY/HOLD

Targets: ₹1,525 | ₹1,580

Stop Loss: ₹1,340

3. Long Term (1 Year+) Fundamentals remain robust with high ROE (~16-17%) and low NPAs. Analysts maintain a "Strong Buy" consensus with significant upside potential.

Side: ACCUMULATE

Targets: ₹1,735 | ₹1,850

Stop Loss: ₹1,250

Support and Resistance Matrix

Traders should use these "Pivot" levels for intraday and swing entries:

Level Type Support (S) Resistance (R) Level 1 ₹1,410 (Pivot) ₹1,442 (Breakout Point) Level 2 ₹1,395 (Strong Support) ₹1,470 (Minor Barrier) Level 3 ₹1,360 (Major Base) ₹1,500 (Psychological Level)

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Strategy Summary

For Buyers: Look to enter at CMP or on a minor dip toward ₹1,415. Avoid chasing the stock if it gaps up significantly above ₹1,450 without a retest.

For Sellers: If the stock fails to cross ₹1,445 and breaks below ₹1,400, a short-term sell-off toward ₹1,360 could occur.

Note: The upcoming Quarterly Results on January 17, 2026, are critical. High volatility is expected around this date.

BASF OVERVIEW

 

BASF India stock trades around ₹3,820 as of early January 8, 2026, near the user's CMP of ₹3,815, amid a strong multi-month uptrend from ₹3,000 lows but recent pullback signals. Technicals show bearish bias with all moving averages and indicators signaling sell, favoring sell for profits on downside momentum. Overall trend remains upward long-term, but short-term correction likely due to overextension.

​Technical View

Price corrected from ₹5,364 peak on January 8 (possibly intraday high) to ₹5,193 close, now stabilizing near ₹3,800–₹3,900 in lower rising trend part. RSI(14) at 38.9 (sell), STOCH oversold at 22.7, MACD -3.95 bearish, ADX 28 confirming downtrend strength. High volatility (ATR 43) supports range trading.

​Support & Resistance

Level Support (₹) Resistance (₹)

Immediate 3,800–3,820 

​ 3,915–3,985 

​Major 3,758–3,875 

​ 4,447–4,481 

​Strong 3,600–3,700 

​ 4,919–4,996 

​Trading Strategy

Sell rallies below ₹3,985 for downside profits, as signals point to correction toward supports.

​Targets: ₹3,750 (short), ₹3,600 (medium), ₹3,400 (long correction)

​Stop Loss: ₹3,990 (above recent highs)

​Timeframe Views

Short-term (1–5 days): Sell bias; target ₹3,750 if breaks ₹3,820, oversold bounce possible.

​Medium-term (1–4 weeks): Negative near MAs; aim ₹3,600 in ongoing pullback.

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Long-term (3–12 months): Buy opportunity post-correction; target ₹5,425 on analyst avg.         SHREEJI FINANCE & INVESTMENT HATHIJAN CIRCAL AHMEDABAD                 PHONE  :-07949258292  

Hindalco Industries BUY

 Hindalco Industries closed at ₹942.25 on January 7, 2026, higher than the user's CMP of ₹919.50, reflecting recent volatility in metals amid global commodity swings. Technical indicators show overbought conditions with strong uptrend intact above key supports, favoring buy for profits on pullbacks. Bullish momentum persists driven by aluminum price recovery and sector tailwinds.

​Technical View

Stock surged 72% from 52-week low of ₹546.45 to high ₹970.80, now consolidating near ₹950 with RSI(14) at 81.23 (overbought), CCI 212, and MFI 91 indicating strong buying but potential cooldown. Classic pivot at ₹949.68 supports range-bound action; volume up 20% average signals accumulation.

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Support & Resistance

Level Support (₹) Resistance (₹)

Immediate 935–937 

​ 950–954 

​Major 914–928 

​ 963–984 

​Strong 893–915 

​ 998+ 

​Trading Strategy

Buy on dips to ₹910–₹920 aligning with CMP, as uptrend favors longs over sells amid positive metal cues.

​Targets: ₹960 (short), ₹1000 (medium), ₹1100+ (long)

​Stop Loss: ₹900 (protects below recent lows)

Timeframe Views

Short-term (1–5 days): Range-bound with upside bias if holds ₹935; target ₹960 amid overbought pullback.

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Medium-term (1–4 weeks): Accumulate ₹910–₹920 for ₹1000; trendline breakout confirmed.

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Long-term (3–12 months): Strongly bullish on fundamentals; hold for higher highs post-consolidation.

​SHREEJI FINANCE & INVESTMENT AHMEDABAD PHONE :- 07949258292 

SILVER Technical Analysis (MCX)

 

🔱 SHREEJI FINANCE & INVESTMENT

Hathijan Circle, Ahmedabad | Phone: 07949258292

📊 SILVER Technical Analysis (MCX)

Current Market Price (CMP): ₹2,36,902 (March Futures)

Silver has entered 2026 as one of the most explosive assets, coming off a record-breaking 150%+ rally in 2025. While the long-term structural supply deficit remains, the market is currently navigating a period of high volatility and profit-booking from all-time highs.

📈 Trend Overview

Short-Term Trend: Bearish to Neutral. After hitting a peak near ₹2,54,000, silver is seeing a "mean-reversion" correction. Momentum is cooling as traders book profits.

Medium-Term Trend: Bullish. Consolidation above the ₹2,21,000 base is expected to build the foundation for the next leg of the "Industrial Super-Cycle."

Long-Term Trend: Extremely Bullish. Driven by structural deficits and demand from solar, EV, and AI sectors.

🎯 Target & Stop Loss Levels

View Target 1 Target 2 Stop Loss (SL) Short Term ₹2,42,000 ₹2,46,000 ₹2,28,000 Medium Term ₹2,60,000 ₹2,77,500 ₹2,12,000 Long Term ₹3,00,000 ₹3,45,000 ₹1,50,000

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🔍 Key Technical Indicators

RSI (14): 78–85 (Extreme Overbought). Such high levels on the daily and weekly charts signal that while the trend is strong, a temporary "cooling off" or deep dip is highly likely.

Moving Averages: Bullish alignment. Price is well above the 50-DEMA (₹1,76,916) and 200-DEMA (₹1,57,036).

Support Levels:

S1: ₹2,21,000 (Immediate key base)

S2: ₹2,08,000 (Major psychological floor)

Resistance Levels:

R1: ₹2,42,000 (Recent hurdle)

R2: ₹2,54,174 (All-time high)

💡 Expert Trading View

Strategy: Do not chase the current price due to the "overbought" RSI levels. The ideal strategy for 2026 is "Buy on Dips." Any retracement toward the ₹2,21,000 – ₹2,25,000 zone should be used as an accumulation opportunity. Watch for a decisive breakout above ₹2,42,000 to signal the resumption of the parabolic rally.

Would you like me to prepare a customized investment plan for physical silver versus silver ETFs for your clients at Shreeji Finance?

This Silver Price Prediction for 2026 provides a deeper look into the supply constraints and industrial demand factors that are currently driving the white metal's record-breaking performance.

GOLD Technical Analysis (MCX) OVERVIEW

 

GOLD Technical Analysis (MCX) Current Market Price (CMP): ₹1,38,240

Based on the current chart patterns and technical indicators, here is the comprehensive outlook for Gold:

📉 Trend Overview

Short-Term Trend: Bearish / Consolidation. The price is currently trading below the 9-period EMA and forming a descending wedge pattern, indicating near-term selling pressure.

Medium-Term Trend: Neutral to Bullish. Looking for a base formation around major support levels before the next leg up.

Long-Term Trend: Strongly Bullish. Historically, gold remains a preferred hedge, and the primary trend stays upward despite temporary corrections.

🎯 Target & Stop Loss Levels

View Target 1 Target 2 Stop Loss (SL) Short Term ₹1,37,500 ₹1,36,800 ₹1,39,200 Medium Term ₹1,40,500 ₹1,42,000 ₹1,35,000 Long Term ₹1,45,000 ₹1,50,000+ ₹1,30,000

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🔍 Key Technical Indicators

RSI (14): 44.71 – Currently in the neutral zone. It is trending downwards, suggesting that momentum is shifting to the bears in the immediate session. A drop below 30 would indicate an "oversold" bounce.

Support Levels:

S1: ₹1,38,000 (Immediate psychological floor)

S2: ₹1,37,500 (Major structural support)

Resistance Levels:

R1: ₹1,39,113 (Recent swing high)

R2: ₹1,40,000 (Key psychological barrier)

💡 Expert Trading View

Strategy: The chart shows a "Success" on a recent short move. For fresh entries, wait for the price to either bounce from the ₹1,37,800 support or break decisively above ₹1,39,200 with high volume. Avoid aggressive long positions while the price stays below the 9 EMA (₹138,229).

Reliance Industries Limited (RELIANCE BUY AND OVERVIEW

7 January 2026, Reliance Industries Limited (RELIANCE) is undergoing a healthy price correction after hitting a fresh 52-week high of ₹1,611. The current market price of ₹1,507 follows a sharp ~4% intraday decline caused by profit booking and global sentiment, placing the stock at a critical "Buy on Dips" juncture.

Technical Overview

The stock recently faced rejection at the ₹1,600 psychological level, leading to a gap-down opening. While the short-term trend is weak due to this sudden sell-off, the structural long-term trend remains firmly bullish as the stock continues to trade above its major moving averages (100-DMA and 200-DMA).

1. Short-Term View (1–4 Weeks)

The stock is currently testing its immediate support zone. Until it reclaims the ₹1,555 level, the bias will remain sideways to negative.

Trend: Mildly Bearish / Consolidation.

Immediate Target: ₹1,575 (Gap-fill)

Secondary Target: ₹1,612 (Recent High)

Stop Loss (SL): ₹1,480 (Recent swing low).

2. Long-Term View (6–12 Months+)

The long-term thesis is supported by the anticipated Jio IPO in H1 2026 and potential tariff hikes. The current correction is viewed as an accumulation opportunity for investors.

Trend: Bullish (Secular Uptrend).

Primary Target: ₹1,710

Extended Target: ₹1,850 – ₹2,020

Stop Loss (SL): ₹1,420 (Strong support at the 200-day EMA).

Technical Indicator Dashboard

Indicator Status Observation RSI (14) 44.0 Approaching the "oversold" region; indicates potential for a bounce-back. Moving Averages Mixed Below 20 & 50-DMA, but well above 200-DMA (₹1,427). MACD Bearish Crossover below the signal line indicates near-term selling pressure. Support Levels ₹1,495, ₹1,482 Critical levels where buyers usually step in. Resistance Levels ₹1,555, ₹1,611 Key hurdles for a fresh breakout.

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Trade Setup Poster: RELIANCE (CMP 1507)

"Strategic Pullback" Setup

Entry Zone: ₹1,495 – ₹1,510

Short-Term Target: ₹1,575 / ₹1,612

Long-Term Target: ₹1,850+

Safety Net (SL): ₹1,480 (Closing basis)

Rationale: The stock is filling a previous price gap. Institutional delivery volume remains high, suggesting that large players are using this dip to add positions before the Jio IPO catalysts.