Nifty Intraday Analysis Today (07 January 2026): Support, Resistance & Option Chain View

Market Overview

Nifty opened with a mild downtick and found support near the 20 DEMA. The index has stabilised since then and is holding the day’s low, indicating buyer presence near lower levels. Holding above this zone remains important to maintain short-term stability.

Futures Positioning

In the derivatives segment, Nifty futures open interest stands at 2.38 lakh contracts, down 0.70%, indicating mild unwinding as the index attempts to stabilise.

Option Chain Setup

The option chain reflects a balanced structure. Call-side additions are concentrated at the 26,200 strike, while put writing remains active at the 26,100 and 26,000 strikes, indicating a defined intraday range. The PCR at 0.92 and implied volatility near 8.3% suggest a controlled and cautious trading environment.

Key Levels to Watch

• Support: 26,075

• Resistance: 26,235

Holding above support remains critical to keep the structure intact.

Intraday Outlook

Nifty is attempting to stabilise near the 20 DEMA. However, the upside remains capped with resistance beginning at 26,235, keeping the overall intraday sentiment neutral to slightly cautious on any upward move.