12/01/2026
TODAY'S TRADING CALLS (12-01-2026)
The Global market cues are flat to negative and the GIFT NF is trading higher by 5 points at 25793. The Nifty has broken its trading range of 25700-26300 that it has found itself stuck in for the last three months. Earnings season begins for the Nifty 50 stocks today with TCS and HCLTech reporting after market hours. Though the market looks very weak, some of the indicators like PCR which is at the lowest level of 0.65 and the FIIs short exposure is at 3 months high at 92.5% ; net shorts at 1.86 lakh contracts and the RSI is at the oversold position which may give a short covering rally today or in the coming days. The Bank Nifty had turned to sell on rallies mode last day . The International conflict narrative at highest level since Russia/Ukraine and the markets now focused on US,s next step towards Venezuela, Greenland and Iran. The major support of Nifty is seen at 25580, its 20 WMA.
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