Nifty Intraday Analysis Today (05 January 2026): Support, Resistance & Option Chain View

Market Overview

Nifty opened on a steady note and, after holding firm near the 26,250 zone, inched higher to register another all-time high. The index now appears to be pausing at higher levels, with 26,250 acting as the trailing support.

Futures Positioning

In the derivatives segment, Nifty futures open interest stands at 2.35 lakh contracts, up 0.93%, indicating fresh positioning as the index consolidates near record levels.

Option Chain Setup

The option chain reflects a supportive structure. Strong put additions are visible at the 26,300 and 26,200 strikes, highlighting buying interest on dips. On the call side, continued call writing around 26,400 marks this level as a key overhead resistance. The PCR at 1.53 and implied volatility near 9.3% suggest a controlled but range-aware intraday environment.

Key Levels to Watch

• Support: 26,250

• Resistance: 26,400

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

Intraday Outlook

Nifty is currently consolidating near record highs. A mild pullback could bring the index towards 26,250, while the upside appears capped near the 26,400 mark, creating a well-defined intraday range in the near term.