Nifty Intraday Analysis Today (08 January 2026): Support, Resistance & Option Chain View

Market Overview

Nifty opened with a downtick and, since the opening bell, bears have taken control as the index continues to edge lower, slipping below the 20 DEMA and the 26,000 mark.

Futures Positioning

In the derivatives segment, Nifty futures open interest stands at 2.53 lakh contracts, up 5.07%, indicating aggressive fresh positioning as prices drift lower.

Option Chain Setup

The option chain reflects a defensive structure. Heavy call-side additions are visible at the 26,100 strike, highlighting strong overhead supply. On the put side, put writing remains relatively subdued, suggesting limited downside defence. The PCR at 0.50 and implied volatility near 9.4% point to a cautious-to-weak intraday environment.

Key Levels to Watch

• Support: 25,925

• Resistance: 26,100

Holding above support remains critical to avoid further downside pressure.

Intraday Outlook

Nifty is currently trading close to the ascending trendline support near 25,925, which also aligns with the 50 DEMA, followed by another support at 25,850, where the index could find some stability. For now, the upside remains sealed, keeping the bias weak to cautious.