Nifty 50 update for the week starting 12 Jan 2026. Nifty 50 index correction from the 01 Dec 2025 high continues. The fall has escalated from the side ways range. Major support on Nifty 50 Index is 25700 Gann fixed level. We breached it intraday and closed the week for the close at 26683.30 as the average(last half hour average close) close for the week. Close on charts seen on Trading View is 26703.70 which was final tick close.
Fixed Gann levels are marked in red on the chart. The 50% Gann Angles from them show the nifty index movement along. A keen Gann trader would have taken appropriate trading action on the breach of the Gann Angles. The cluster green horizontal lines show the battle zone between the bulls an bears. Bulls were able to take Nifty above the Gann Level shown in Green color just below fixed the second Red Gann Level. The same was breached next time smoothly to reach the cluster of green Gann levels at the bottom of the chart.
Gann traders can watch the important level of 25625 as their trading bias. The first important date for the year as suggested the Nifty Forecast video on YouTube was 07 Jan 2026. It was a error on my part so sincere apologies for it. Actual corrected date for it was 06 Jan 2026 as given in the update video on YouTube. Next important date as per forecast is 29 Jan 2026. Price Level to watch ahead are 25688 and 25266. Have a great trading expiry ahead on Nifty 50.