Nifty Intraday Analysis Today (02 January 2026): Support, Resistance & Option Chain View

Market Overview

Nifty opened on a stable note and has maintained its upward momentum since the opening bell. The index has steadily inched higher and is now hovering near its previous peak of 26,325, which is currently acting as an immediate resistance zone.

Futures Positioning

In the derivatives segment, Nifty futures open interest stands at 2.38 lakh contracts, up 0.69%, indicating fresh positioning as prices push higher.

Option Chain Setup

The option chain reflects a supportive-to-bullish structure. Strong put writing is clearly visible at the 26,200 strike, signalling confidence in defending the breakout zone. On the call side, continued call writing at 26,300 highlights this level as a near-term supply zone. The PCR at 1.71 and implied volatility near 8.6% point to a controlled but optimistic intraday environment.

Key Levels to Watch

• Support: 26,180

• Resistance: 26,325

Holding above support keeps the structure intact, while resistance remains the immediate hurdle.

Intraday Outlook

Nifty has decisively moved past the upper boundary of its earlier range at 26,200, bringing a test of the all-time high back into focus. If the index manages to hold above the trailing support at 26,180, the probability of an attempt towards the record high remains intact in the near term.