Morning Action @ 7:00 AM — Tuesday, January 6th 2026.

# The dominant trading theme revolves around the so-called “Donroe Doctrine,” under which the White House is expected to take control of Venezuela’s oil and gas industry — a development that is buoying global energy stocks.

The Venezuela story is being interpreted as a net positive by the market, with investors largely discounting any significant global risk impact.

# Amidst this backdrop, the Indian equities will look to join the conga line of rising stock markets across globe.

# Our Call of the Day: Fear of Missing Out (FOMO) is once again likely to rule traders’ mindset, with bargain hunting and value buying emerging as the preferred strategy.

# Long Story Short: Despite intermittent volatility, Nifty bulls appear poised to march toward fresh uncharted territory.

# 7:00 AM GLOBAL UPDATE:
GIFT Nifty ????????: (+78, 26398)
Dow Futures: (+90, 49067)
Nasdaq 100 Futures (+42, 25444)

Nikkei (+424, 52257)
Hang Seng (+155, 26502)

Dow Jones (+595, 48977)
Nasdaq Composite (+160, 23396)
Bovespa (+1331, 161870).

# MARKET TRENDS:
Global cues: Positive
FII: (-36.30 crores)
DII: (+1764.10 crores)
Sentiment: Bullish
Market Breadth: Positive
Technicals: Breakout Play
F&O: 25700 - 26900 zone.

INDIA VIX 10.02 (+6.06%)
USD/INR Futures (January) (90.40)
NIFTY PCR (27th January) 1.06
Bank Nifty PCR (27th January) 1.09

# Nifty Outlook: Markets flash green on strong global cues — yet another green light for Nifty bulls.

# WHAT TECHNICALS TELLS US ON NIFTY & BANK NIFTY:

NIFTY (CMP 26250):
SUPPORT: 26209/26057
RESISTANCE: 26501/26750
RANGE: 26200-26450
BIAS: Positive
21 DMA: 26021
50 DMA: 25961
200 DMA: 24990

SENSEX (CMP 85440)
SUPPORT: 85300/85000
RESISTANCE: 86100/86900
RANGE: 85200-86000
BIAS: Positive
21 DMA: 85066
50 DMA: 84832
200 DMA: 81873

BANK NIFTY (CMP 60044)
SUPPORT: 59707/58737
RESISTANCE: 60500/61100
RANGE: 59700-60700
BIAS: Positive
21 DMA: 59314
50 DMA: 58920
200 DMA: 56040

# STOCK MARKET NEWS:

# Market Recap:
Nifty (-0.30%) traded cautiously in yesterday’s trade and ended on a jittery note amidst profit booking. The positive takeaway however was that Nifty had notched a fresh all-time-high at 26373.20 mark.

Technically, Nifty is now way above its 21 DMA (26021), 50 DMA (25961) 100 DMA (25486). Nifty’s 200 DMA at 24990 mark.

Benchmark Indices at 3:30 PM
NIFTY (-78, 26250)
SENSEX (-322, 85440)
BANK NIFTY (-107, 60044)

# The Main Culprit for the Sluggishness:
1) Escalating geopolitical risks after the US military action in Venezuela.

2) Potential escalation in US–India trade tensions after President Trump warned of swift tariff hikes if India continues its Russian oil purchases.

# Our Call of the Day:
The first 3-trading sessions at Dalal Street indicates how exactly Nifty will behave for the rest of 2026.

Two steps forward, one step back — and then hopefully, the bull marches into the unknown, fearless, unstoppable into uncharted territory.

Much like Akshaye Khanna’s journey in Bollywood — a meticulous rise… phir thoda struggle, thoda sambhalna… and ultimately Dhurandhar.

# Looks like, Nifty’s script for 2026 seems to be unfolding the very same way.

# The 2-Biggest Positive Catalysts:

1) The Fed will be forced into deep rate cuts in 2026 — boosting Emerging Markets like India, gold and most importantly, breaking the back of the US Dollar

2) Also, hopes of another quarter-point rate cut from the RBI—keeps bullish hopes firmly alive.

# What Technicals Tells Us On Nifty:
Technically, the crucial support at 26,057 remains the line in the sand — a breakdown below this level could accelerate downside pressure.

Nifty’s all-time high of 26,373.20 shall continue to be biggest hurdles.

# Bottom-line: Nifty remains in a zone of bullish consolidation — with optimism alive, downside well protected, and the broader trend favoring patient bulls despite near-term caution triggered by continued FII selling.

# Long Story Short: A powerful blockbuster run on cards for the benchmark Nifty on backdrop of Dow Jones scaling a new record high at 49000 for the first time ever.

# STOCKS IN SPOTLIGHT:

1) Nifty Defence Index (+2.04%) commanded attention in yesterday’s trade following US action in Venezuela:

The United States launched Operation Absolute Resolve, carrying out airstrikes across Venezuela and capturing the country’s President and First Lady after months of escalating military and economic pressure.

HAL (+2.4%), BDL (+2.7,%) BEL ( +2.53%) were star-outperformers.

2) Nifty IT index dropped 1.43% amidst 2-big headwinds:

a) Potential escalation in US–India trade tensions.
b) CLSA advised to 'Trim positions', on IT stocks; downgrades.

INFY (-2.21%) HCLTech (-2.15%), Tech Mahindra (-0.83%)

3) Zomato (₹ 282, -0.79%)

Food delivery platform Zomato terminates nearly 5,000 gig workers a month due to fraud cases, while around 150,000 to 200,000 workers leave the platform voluntarily, according to Deepinder Goyal, founder and chief executive officer (CEO) of parent firm Eternal.

4) Sobha (₹ 1592, 6.80%)

Sobha share price jumped to the highest level in over a month on Monday after reporting a stellar performance during the third quarter of the current financial year (Q3FY26).

5) HDFC BANK (₹979, -2.31%)

The shares of HDFC Bank dropped more than 2% after the company released provisional updates for the third quarter of the ongoing financial year 2026. Union Bank of India and other lender stocks meanwhile gained sharply

# Now, here is the preferred trade on Nifty and Bank Nifty:

Nifty (26250): Buy at CMP. Stop 25903. Targets 26373/26501. Aggressive targets at 26700-26750 zone.

Bank Nifty (60044): Buy at CMP. Stop 58659. Targets 60500/60750. Aggressive targets at 61100-61500 zone.

# Our Chart of the day is bullish on DELHIVERY, NYKAA, M&M, TVS MOTORS and GMR AIRPORT on any early excessive intraday weakness with an interweek/Intermonth perspective.

# The 1 Stock to Buy Right Now: Buy DLF (CMP 711): Buy at CMP. Stop at 693. Targets 729/753. Aggressive targets at 807. (Interweek Strategy). Rationale: Rebound Play from a probable lower consolidation zone on the daily charts. Signalling a massive surge on the upside. Key interweek support 672. Major hurdles only at 753 mark. Momentum oscillators are on the buy side. 200-DMA at 750.

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