Nifty 50 Index has been correcting from day one i.e. 01 Dec 2025 till date after forming a ATH at around 26325. We already corrected 400 points from this ATH. The fall has been significant but yet unnoticed by seasoned players. We squared the Sept 2025 lows for making this high. I am reminded of the double top formed on Nifty 50 Index in Jan 2008 and Nov 2010. The time period is more than this double top formed in Sept 2024 and Dec 2025. From Nov 2020 we had a 13 month correction till Dec 2011. we need to be cautious if we repeat this history.
Coming to the intraday analysis we have the level of 25919 to watch above which we are positive for the day and vice versa. For intraday the sideways range is between 25968 and 25873. Expansion of the range can take us to 25060 on upside and 25778 on downside. Be careful today as it is a weekly/monthly/quarterly/yearly(calendar year 2025) expiry all happening on a single day. Have a profitable one expiry ahead. Happy New Year to all for the ensuing year 2026.