Introduction: Market at a Crossroads The Indian equity markets entered January 2026 with heightened volatility and mixed signals. After a strong bullish phase in late December and early January, both benchmark indices — Nifty 50 and Bank Nifty — are now witnessing indecision near higher levels. According to Dhwani Patel, this phase should not be viewed as weakness, but rather as a consolidation zone where traders must be selective, disciplined, and reactive rather than predictive. The trade setup for January 7, 2026, revolves around: Let’s break it down in detail. Nifty 50 Technical Outlook – January 7, 2026 Nifty 50 Spot Level: 26,179 Key Resistance Levels (Pivot-Based) Key Support Levels (Pivot-Based) Chart Structure & Candlestick Analysis The Nifty 50 formed a small red candle with long upper and lower shadows, resembling a high-wave or doji-like formation, accompanied by above-average volumes. This pattern clearly signals: Importantly, Nifty briefly broke below a short-term support trendline, but still managed to hold above all major moving averages, keeping the broader structure intact. As highlighted by Dhwani Patel, such candles near highs often precede either: Momentum Indicators – Nifty 50 📌 Interpretation:Momentum is cooling, not reversing. Trend remains intact, but fresh long positions should be avoided without confirmation. Nifty 50 Trading View Bank Nifty Technical Outlook – January 7, 2026 Bank Nifty Spot Level: 60,118 Key Resistance Levels (Pivot-Based) Key Support Levels (Pivot-Based) Fibonacci Levels Chart Structure & Relative Strength Unlike Nifty, Bank Nifty displayed relative strength. It formed a bullish candle with long shadows and defended the previous day’s lows effectively. Key positives: Dhwani Patel notes that banking stocks are currently acting as trend leaders, keeping the broader market resilient. Momentum Indicators – Bank Nifty 📌 Interpretation:Bank Nifty remains structurally strong. Any dip toward support is likely to attract buying interest. Options Data Analysis – Nifty 50 Nifty Call Options (Weekly) 📌 This indicates limited upside unless resistance breaks convincingly. Nifty Put Options (Weekly) Options Data Analysis – Bank Nifty Bank Nifty Call Options (Monthly) Bank Nifty Put Options (Monthly) Put-Call Ratio (PCR) Insight 📉 A falling PCR reflects: However, as per Dhwani Patel, PCR above 0.7 still keeps the market in a neutral-to-positive zone, not bearish. India VIX – Volatility Check 📌 As long as VIX stays below 12, panic risk remains low. Market Strategy for Traders – January 7, 2026 For Positional Traders For Swing Traders For Options Traders Key Takeaways by Dhwani Patel FAQs – Trade Setup January 7, 2026 Is the market turning bearish? No. The structure remains intact. This is a consolidation phase. Which index is stronger right now? Bank Nifty is displaying relative strength compared to Nifty. Should traders buy immediately? No. Wait for confirmation near support or resistance levels. Is volatility a risk? Moderate volatility exists, but not panic-driven. What does Dhwani Patel recommend? Trade selectively, manage risk, and avoid emotional decisions. Disclosure & Disclaimer Dhwani Patel (SEBI Registration No: INH200008608) is a SEBI-registered Research Analyst.All views are for educational purposes only. This is not investment advice. Please consult your financial advisor before trading.

Introduction: Market Context for January 6, 2025 Indian equity markets entered the first full trading week of January with heightened volatility, profit booking at higher levels, and selective sectoral rotation. After a strong rally in the previous sessions, Nifty 50 and Bank Nifty witnessed mild corrective pressure, which is normal in a trending market. According to Dhwani Patel’s market framework, the current phase should not be viewed as trend exhaustion but rather as short-term consolidation within a broader bullish structure. Both indices continue to hold above their critical moving averages, suggesting that dips may still attract buying interest. This trade setup for January 6, 2025 focuses on: Nifty 50 Technical Outlook (Spot: 26,250) 🔹 Key Resistance Levels (Pivot Based) 🔹 Key Support Levels (Pivot Based) 🔎 Price Action & Chart Structure The Nifty 50 formed a bearish candle with minor upper and lower shadows, highlighting increased selling pressure and intraday volatility. However, the broader structure of higher top–higher bottom remains intact, indicating that the overall trend is still constructive. Importantly, the index continues to trade comfortably above all major moving averages, with short-term averages still sloping upward. This indicates that the recent selling is corrective rather than trend-reversing. Momentum Indicators 📌 Dhwani Patel’s View:As long as Nifty sustains above 26,115–26,177, the broader bullish structure remains valid. A break above 26,340 can open the doors for fresh momentum. Bank Nifty Technical Outlook (Spot: 60,044) 🔹 Key Resistance Levels (Pivot Based) 🔹 Key Support Levels (Pivot Based) 🔹 Fibonacci Levels 🔎 Price Action & Trend Assessment Bank Nifty witnessed mild profit booking after a strong rally, closing marginally lower. Despite this, the index continues to hold above the upper Bollinger Band and a previously broken falling trendline, which has now turned into strong support. The broader trend remains decisively bullish. Momentum Indicators 📌 Dhwani Patel’s View:Bank Nifty remains a leader index. As long as it stays above 59,700, bulls retain control. Breakout above 60,334 can extend the rally further. Nifty Options Data Analysis 🔸 Call Options (Weekly) Call Writing Concentration: 🔸 Put Options (Weekly) Put Writing Insight: 📌 Inference:The options structure points towards a range of 26,000–26,400, with a bullish bias unless 26,000 breaks decisively. Bank Nifty Options Data Analysis 🔸 Call Options (Monthly) Heavy call writing near upper strikes suggests supply at higher levels, but aggressive unwinding at lower strikes confirms strength. 🔸 Put Options (Monthly) Put writers continue to defend lower levels, indicating confidence in the uptrend. 📌 Inference:Bank Nifty options positioning supports a buy-on-dip strategy. Put-Call Ratio (PCR) The sharp fall in PCR indicates reduction in excessive bullishness, bringing balance back into the system. 📌 Dhwani Patel’s Interpretation:PCR normalization is healthy. Markets often move higher after such resets. India VIX Outlook While VIX has risen, it remains well below the 12 zone, which is generally considered safe for equities. 📌 Conclusion:Volatility is returning slightly, favouring stock-specific and selective index trades rather than aggressive leverage. Trade Strategy Summary for January 6, 2025 🔹 Nifty 50 🔹 Bank Nifty According to Dhwani Patel, traders should: FAQs – Trade Setup for January 6, 2025 Q1. Is the Nifty trend still bullish? Yes, despite short-term selling, the higher-high-higher-low structure remains intact. Q2. Should traders be cautious due to rising VIX? Slightly, but VIX below 12 does not indicate panic. Q3. Is Bank Nifty outperforming Nifty? Yes, Bank Nifty continues to show relative strength. Q4. What is the key support for Nifty? The 26,000–26,115 zone remains crucial. Q5. Who should trade aggressively? Only experienced traders with proper risk control. Disclosure & Disclaimer Dhwani Patel (SEBI Registration No: INH200008608) is a SEBI-registered Research Analyst.All views are for educational purposes only. This is not investment advice. Please consult your financial advisor before trading.

Market Overview: Strong Breakout Signals Bullish Continuation Indian equity markets entered the first full trading week of January 2026 on a strong footing. Both benchmark indices — Nifty 50 and Bank Nifty — delivered decisive breakout moves backed by above-average volumes, reinforcing bullish sentiment across the broader market. According to Dhwani Patel, the current structure suggests that the market is transitioning from a consolidation phase into a trend expansion phase, where momentum-based trading strategies may outperform reactive approaches. The combination of: creates a supportive backdrop for bulls, though traders must remain disciplined with risk management at higher levels. Nifty 50 Technical Outlook (Close: 26,329) 📌 Key Pivot Levels Resistance Zones Support Zones Technical Structure & Price Action The Nifty 50 formed a long bullish candle on the daily chart after successfully breaking above a falling resistance trendline. Importantly, this breakout was supported by above-average trading volumes, which adds credibility to the move. The index also managed to: As noted by Dhwani Patel, such price behavior often signals trend acceleration rather than exhaustion, especially when momentum indicators confirm the move. Momentum Indicators Snapshot These indicators collectively point toward continued bullish momentum, with limited downside risk unless the index slips decisively below the immediate support zone of 26,178. Bank Nifty Technical Outlook (Close: 60,151) 📌 Key Pivot Levels Resistance Zones Support Zones Fibonacci Resistance Fibonacci Support Price Action & Trend Strength Bank Nifty delivered an even stronger performance, registering a decisive breakout above the 59,800 resistance, followed by a fresh all-time high near 60,204. The index: According to Dhwani Patel, banking stocks are currently acting as the primary market leaders, and as long as Bank Nifty holds above 59,800, any dip is likely to be viewed as a buying opportunity. Momentum Indicators This configuration suggests sustained strength, though intraday traders should be cautious of short-term pullbacks after sharp rallies. Nifty Options Data Analysis (Weekly Expiry) 📍 Call Options – Resistance Insight Heavy Call writing at 26,500 suggests that traders expect resistance near higher zones, but aggressive Call unwinding at 26,200 indicates shorts are getting covered as price moves up. Put Options – Support Confirmation This confirms that market participants are confident in the strength above 26,000, making it a crucial short-term support zone. Bank Nifty Options Data (Monthly Expiry) 📍 Call Side Despite overhead Call presence, continued price strength indicates short covering rather than fresh resistance. 📍 Put Side This suggests strong bullish conviction, with traders betting on higher levels in the near term. Put–Call Ratio (PCR) This is the highest PCR reading since September 2024, indicating: According to Dhwani Patel, while a high PCR supports bullish sentiment, traders should remain alert for short-term consolidations after extended rallies. 🌡️ India VIX – Volatility Check Despite the mild uptick, volatility remains comfortably low, which continues to favor positional and swing traders rather than panic-driven moves. Trading Strategy for January 5, 2026 🔹 For Nifty Traders 🔹 For Bank Nifty Traders As highlighted by Dhwani Patel, the broader market structure remains constructive, but disciplined execution is critical at elevated levels. ⚠️ Risk Factors to Monitor 📌 Conclusion: Bulls in Control, Discipline is Key The trade setup for January 5, 2026 reflects a market firmly in bullish territory, supported by strong technical breakouts, favorable options positioning, and low volatility. According to Dhwani Patel, the key for traders will be to align with the trend, avoid emotional decision-making, and respect support levels as the market enters a potentially high-momentum phase. FAQs – Trade Setup for January 5, 2026 Q1. Is the market still bullish at current levels? Yes, as long as Nifty holds above 26,178 and Bank Nifty above 59,800, the trend remains bullish. Q2. Is it safe to buy after such a strong rally? Chasing is risky. Prefer buying on dips near support zones. Q3. What does high PCR indicate? A high PCR indicates strong bullish sentiment, though it can also lead to short-term consolidation. Q4. How important is India VIX right now? Low VIX supports trend continuation and reduces the probability of sharp sell-offs. Q5. Should positional traders stay invested? Positional traders can stay invested with trail stops and partial profit booking at resistance levels. Disclosure & Disclaimer Dhwani Patel (SEBI Registration No: INH200008608) is a SEBI-registered Research Analyst.All views are for educational purposes only. This is not investment advice. Please consult your financial advisor before trading.

Introduction: Weekly Swing Trading Outlook The first full trading week of January often sets the tone for short-term market sentiment, and the Jan 5–9, 2026 week is no exception. After the year-end consolidation and selective profit booking, Indian equity markets are entering this week with stock-specific momentum, rising participation, and improving sector rotation. As highlighted by Dhwani Patel, short-term traders should focus less on prediction and more on structure, price behavior, and risk-managed execution. Swing trading during this phase favors stocks with: This weekly swing trading blog focuses on high-quality large-cap and mid-cap stocks that are technically positioned for short-term moves over the next 3–7 trading sessions. Market Context for Swing Traders From a broader perspective: According to Dhwani Patel, this environment favors controlled swing trades rather than aggressive intraday speculation. Traders should be patient, wait for price confirmation, and avoid chasing extended candles. Top Swing Trading Stocks for Jan 5–9, 2026 Below are carefully selected swing trading ideas based on price structure, momentum indicators, and trend alignment. Stock Name Current Level (LTP) Bias Entry Zone Target 1 Target 2 Stop Loss Reliance Industries ₹1,592.30 Bullish ₹1,560–1,585 ₹1,640 ₹1,680 ₹1,525 State Bank of India (SBI) ₹998.95 Bullish ₹975–1,000 ₹1,050 ₹1,090 ₹945 Larsen & Toubro (L&T) ₹4,163.40 Bullish ₹4,080–4,120 ₹4,260 ₹4,340 ₹3,980 Maruti Suzuki ₹16,960.00 Bullish ₹16,600–16,750 ₹17,300 ₹17,800 ₹16,250 Tata Motors ₹442.25 Bullish ₹425–440 ₹475 ₹500 ₹405 Coal India ₹427.90 Bullish ₹415–425 ₹460 ₹485 ₹395 Vedanta ₹616.95 Bullish ₹595–610 ₹660 ₹700 ₹565 Hindalco Industries ₹925.70 Bullish ₹895–915 ₹960 ₹1,000 ₹870 Bank of Baroda ₹305.05 Bullish ₹295–305 ₹330 ₹350 ₹282 Ashok Leyland ₹188.78 Bullish ₹180–186 ₹205 ₹220 ₹170 1. Reliance Industries Technical Structure Reliance Industries is trading near its recent consolidation breakout zone. After a period of sideways movement, the stock has resumed its higher high–higher low structure, supported by rising volumes. Swing Trading Bias Bullish Entry Zone ₹1,560 – ₹1,585 on mild pullbacks Targets ₹1,640 (Target 1)₹1,680 (Target 2) Stop Loss ₹1,525 (closing basis) View: As per Dhwani Patel, Reliance remains a low-volatility swing candidate ideal for traders who prefer stability with directional bias. 2. State Bank of India (SBI) Technical Structure SBI continues to outperform the broader banking space. The stock has respected its short-term moving averages and is forming a bullish continuation pattern. Swing Trading Bias Bullish to Buy-on-Dips Entry Zone ₹975 – ₹1,000 Targets ₹1,050₹1,090 Stop Loss ₹945 View: PSU banking strength remains intact, and SBI is a core swing candidate for the week. 3. Larsen & Toubro (L&T) Technical Structure L&T is trading near lifetime highs with strong price acceptance above previous resistance zones. Momentum remains intact despite minor intraday volatility. Swing Trading Bias Bullish Continuation Entry Zone ₹4,080 – ₹4,120 Targets ₹4,260₹4,340 Stop Loss ₹3,980 View: According to Dhwani Patel, L&T reflects institutional accumulation and is suitable for positional-swing traders. 4. Maruti Suzuki Technical Structure Maruti has broken out of a short-term range and is forming a steady upward channel. The stock is respecting its trendline support. Swing Trading Bias Bullish Entry Zone ₹16,600 – ₹16,750 Targets ₹17,300₹17,800 Stop Loss ₹16,250 View: Auto sector momentum favors Maruti for continuation trades this week. 5. Tata Motors Technical Structure Tata Motors has seen strong follow-through buying after a pullback, forming a rounded base structure on daily charts. Swing Trading Bias Bullish Entry Zone ₹425 – ₹440 Targets ₹475₹500 Stop Loss ₹405 View: Dhwani Patel considers Tata Motors a momentum-driven swing candidate with improving risk-reward. 6. Coal India Technical Structure Coal India is showing renewed buying interest after a brief consolidation. The stock has formed a bullish engulfing pattern near support. Swing Trading Bias Positive / Bullish Entry Zone ₹415 – ₹425 Targets ₹460₹485 Stop Loss ₹395 View: Dividend-heavy PSUs continue to attract short-term interest. 7. Vedanta Technical Structure Vedanta remains strong on the metals theme. The stock is trading above all key short-term averages with expanding volume. Swing Trading Bias Bullish Entry Zone ₹595 – ₹610 Targets ₹660₹700 Stop Loss ₹565 View: Metals remain a strong swing trading pocket as per Dhwani Patel. 8. Hindalco Industries Technical Structure Hindalco has broken above its recent swing high and is sustaining above the breakout zone. Swing Trading Bias Bullish Entry Zone ₹895 – ₹915 Targets ₹960₹1,000 Stop Loss ₹870 9. Bank of Baroda Technical Structure The stock is forming a bullish flag pattern after a sharp up-move. Volume contraction during consolidation is a positive sign. Swing Trading Bias Bullish Entry Zone ₹295 – ₹305 Targets ₹330₹350 Stop Loss ₹282 10. Ashok Leyland Technical Structure Ashok Leyland is forming higher bottoms and has shown relative strength within the auto space. Swing Trading Bias Positive Entry Zone ₹180 – ₹186 Targets ₹205₹220 Stop Loss ₹170 Risk Management Advice by Dhwani Patel Swing trading success depends more on risk control than prediction. Key reminders: Weekly Swing Trading Strategy Summary As emphasized by Dhwani Patel, discipline and patience remain the biggest edge for short-term traders. FAQs – Swing Trading (Jan 5–9, 2026) Q1. How long should I hold these swing trades? Typically 3–7 trading sessions, depending on price behavior. Q2. Are these levels guaranteed? No. These are indicative technical levels, not buy/sell recommendations. Q3. Can beginners try swing trading? Yes, but only with strict stop-loss and small position sizes. Q4. What timeframe is best for confirmation? Daily charts for structure, 60-min charts for entries. Q5. Who should avoid swing trading? Traders unable to manage risk or emotional discipline. Disclaimer This swing trading analysis is prepared by Dhwani Patel (SEBI Registered Research Analyst – INH200006608).All information provided is for educational purposes only and should not be considered investment advice.Trading in securities involves significant risk. Please consult your financial advisor before investing.

Introduction: Market Context at the Start of 2026 As markets step into the first full trading session of January 2026, traders are approaching the new year with a cautious but optimistic mindset. The previous sessions have laid the foundation for a structurally bullish trend, even as short-term consolidation and range-bound activity remain visible on daily charts. According to Dhwani Patel, the early January phase often sets the emotional and technical tone for the first quarter. Liquidity conditions, institutional positioning, derivatives data, and volatility indicators together provide important clues about whether the market is gearing up for continuation or preparing for a pause. This trade setup for January 2, 2026 breaks down everything traders need to know — including Nifty 50 and Bank Nifty technical structures, pivot levels, options activity, Put-Call Ratio, and India VIX behavior — to approach the session with clarity and discipline. Overall Market Structure: Strength with Consolidation The broader market structure continues to reflect higher highs and higher lows, a classic sign of an ongoing uptrend. However, the last few sessions have also shown signs of consolidation, which is natural after a strong directional move. Instead of aggressive trend chasing, this phase demands level-based trading, patience, and confirmation. According to Dhwani Patel, early January markets often reward traders who respect support and resistance zones rather than emotional breakout attempts. Nifty 50 Technical Outlook for January 2, 2026 Nifty 50 Closing Level: 26,147 The Nifty 50 ended the previous session with a small-bodied bearish candle, reflecting a pause rather than weakness. Despite the muted price action, the index maintained its higher high–higher low structure, confirming that the broader trend remains intact. The earlier Doji formation on December 30 played a key role in establishing a higher bottom, and the subsequent sessions validated that structure. Key Observations by Dhwani Patel Nifty 50 Pivot Levels Resistance Levels These levels may act as short-term ceilings where supply could emerge. A decisive move above the highest resistance would signal continuation of the bullish trend. Support Levels These supports are critical for maintaining bullish structure. Holding above them keeps the uptrend healthy; a breakdown would increase intraday volatility. Momentum Indicators – Nifty 50 According to Dhwani Patel, this combination of indicators supports a buy-on-dip mindset, rather than aggressive short selling. Bank Nifty Technical Outlook for January 2, 2026 Bank Nifty Closing Level: 59,712 The Bank Nifty has been the relative outperformer, rising for the third consecutive session. Although price action was range-bound, the index formed a small bullish candle near the upper Bollinger Band, a sign of strength rather than exhaustion. Trend Perspective Bank Nifty continues to lead market sentiment, and sustained strength here often provides directional cues to the broader indices. Bank Nifty Pivot Levels Resistance Levels A breakout above these levels could open room for a move toward higher Fibonacci zones. Support Levels These levels act as immediate cushions against intraday selling pressure. Fibonacci Levels – Bank Nifty Holding above the Fibonacci support zone keeps the bullish case intact. Momentum Indicators – Bank Nifty Dhwani Patel notes that banking stocks remain a key sector to watch for directional trades in early January. Nifty Options Data Analysis Nifty Call Options Heavy Call writing at 26,200 indicates this level may act as a short-term resistance. Maximum Call Writing: Call Unwinding Observed At: This suggests traders are reducing bearish bets near lower levels. Nifty Put Options The aggressive Put positioning around 26,000 highlights it as a strong support zone. Maximum Put Writing: Minimal Put unwinding signals confidence among traders in downside protection. Bank Nifty Options Data Analysis Bank Nifty Call Options Maximum Call Writing: This setup suggests resistance pressure near the 60,000 zone. Bank Nifty Put Options Put Writing Concentration: This indicates traders expect Bank Nifty to hold above the 59,500 region. Put-Call Ratio (PCR) Interpretation PCR remains above 1, reflecting a bullish bias, though the slight decline suggests caution at higher levels. According to Dhwani Patel, sustained PCR above 1 generally supports trend continuation unless accompanied by rising volatility. India VIX Outlook The India VIX remains near all-time closing lows, extending its downtrend for the third session in a row. What Low VIX Indicates Low volatility supports bullish setups, but traders must remain vigilant for sharp moves triggered by external events. Trading Strategy for January 2, 2026 For Index Traders For Options Traders Risk Management Dhwani Patel emphasizes disciplined position sizing, defined stop-losses, and avoiding over-trading during low-volatility phases. Conclusion As markets open on January 2, 2026, the technical structure points toward underlying strength with short-term consolidation. Both Nifty 50 and Bank Nifty maintain bullish biases, supported by momentum indicators and strong options positioning. While resistance zones remain active, the absence of panic in volatility indicators suggests traders can approach the session with controlled optimism. As always, patience, levels, and risk management remain the keys to navigating the early days of the new trading year. FAQs – Trade Setup for January 2, 2026 1. Is the market bullish on January 2, 2026? The broader trend remains bullish, though short-term consolidation is visible. 2. What is the key support level for Nifty? The 26,000–26,100 zone remains a crucial support area. 3. Which index is stronger: Nifty or Bank Nifty? Bank Nifty continues to show relative strength and leadership. 4. Is low India VIX positive or risky? Low VIX supports bullish sentiment but can also precede sharp moves. 5. What strategy suits this environment best? Buy-on-dips and range-based strategies with strict risk control. Disclosure & Disclaimer Dhwani Patel (SEBI Registration No: INH200008608) is a SEBI-registered Research Analyst.All views are for educational purposes only. This is not investment advice. Please consult your financial advisor before trading.

Introduction: A Strong Start to 2026 as Markets Regain Momentum The first trading session of a new year often sets the psychological and technical tone for the weeks ahead. January 1, 2026, opens with renewed optimism after the market successfully defended key support levels toward the end of December. Fresh participation, reduced profit-booking pressure, and improving technical indicators have helped indices regain momentum. According to market analyst Dhwani Patel, the transition from a cautious December to a positive early-January setup is technically significant. “When a market confirms a higher bottom right at year-end and follows it with a strong bullish candle, it usually reflects genuine participation rather than short covering,” Dhwani Patel explains. This detailed trade setup for January 1, 2026 focuses on: Broader Market Overview: From Consolidation to Confirmation The final sessions of December were marked by indecision and low volatility, but price action has now started to show clear directional intent. The confirmation of a higher bottom, combined with a long bullish candle, suggests that markets are attempting to resume the broader uptrend that has been in place for several weeks. As highlighted by Dhwani Patel, “New-year sessions often reward traders who follow structure instead of emotions. Momentum builds quietly before becoming obvious.” Nifty 50 Technical Outlook for January 1, 2026 The Nifty 50 closed near 26,130, forming a long bullish candle with a minor upper shadow. This move came immediately after a Doji candle in the previous session, which makes the current structure technically important. Technical Structure Analysis According to Dhwani Patel, “When price, RSI, and MACD improve together, odds shift in favour of follow-through rather than reversal.” Nifty 50 Key Levels to Watch On the upside, immediate resistance is placed near 26,180, followed by 26,230 and 26,315. These levels align with pivot-based resistance and previous supply zones. A sustained close above this band could open the door for continued upside in early January. On the downside, 26,010–26,000 remains a critical support zone. Below that, additional cushions lie near 25,960 and 25,880. As long as the index holds above 26,000 on a closing basis, the short-term bias remains constructive. Dhwani Patel advises traders to treat dips toward support as opportunity zones, provided momentum indicators remain supportive. Bank Nifty Technical Outlook for January 1, 2026 Bank Nifty emerged as the clear leader, closing near 59,582. The index formed a long green candle, decisively breaking above a falling resistance trendline and moving toward the upper Bollinger Band. Technical Structure Analysis As per Dhwani Patel, “Leadership from Bank Nifty is a positive signal for the broader market, especially at the start of a new year.” Bank Nifty Key Levels to Watch Immediate resistance lies near 59,730, followed by 59,870 and 60,090. A clean breakout above the 60,000 zone could further strengthen bullish sentiment across financial stocks. On the downside, 59,290 acts as the first support, followed by 59,150 and 58,930. Strong Fibonacci supports near 58,985 and 58,635 provide a buffer against deep pullbacks. Nifty Options Data: Supportive for Bulls On the Call side, maximum open interest is concentrated at the 26,400 strike, followed by 26,500 and 27,000. This placement indicates that immediate resistance is positioned above current price levels, leaving room for upside movement. Fresh Call writing at 26,400 suggests resistance at higher levels, while significant Call unwinding at the 26,000 strike confirms that earlier bearish bets are being reduced. On the Put side, 26,000 holds the highest open interest, forming a strong base. Heavy Put writing at this strike reflects traders’ confidence that the index will remain above this level in the near term. According to Dhwani Patel, “Options data is clearly aligning with price structure, which strengthens the bullish case.” Bank Nifty Options Data: Strong Defensive Base Call open interest remains highest near 59,500, followed by 60,000 and 61,000. Interestingly, fresh Call writing has shifted toward higher strikes, indicating rising resistance expectations rather than immediate caps. On the Put side, 59,500 again stands out as the strongest support zone. Fresh Put writing at this level suggests growing confidence among traders in the banking index’s strength. Minimal Put unwinding across the range indicates stable sentiment rather than hedging panic. Put–Call Ratio (PCR): Sentiment Turns Decisively Bullish The Nifty Put–Call Ratio jumped to 1.27, up sharply from 0.92 in the previous session. A PCR above 1 typically signals bullish sentiment, as traders sell more Put options than Calls. As explained by Dhwani Patel, “A rising PCR combined with bullish price action usually supports continuation, not exhaustion.” India VIX: Low Volatility Supports Trend India VIX declined further to around 9.47, remaining well below all key moving averages. Low volatility often supports trending moves, particularly when price structure and derivatives data align. However, Dhwani Patel cautions that “extended low VIX levels can also lead to sudden spikes, so risk management remains essential.” Trading Strategy for January 1, 2026 – Dhwani Patel For the opening session of 2026, Dhwani Patel suggests a trend-following but disciplined approach: Swing traders may consider holding selective positions, while intraday traders should respect early range boundaries. Key Risks to Monitor Conclusion: A Confident Start to 2026, Backed by Structure The trade setup for January 1, 2026 reflects a market entering the new year with renewed confidence, improving momentum, and strong sectoral leadership. Nifty has confirmed a higher-bottom structure, Bank Nifty is showing strength, options data is supportive, PCR has turned bullish, and volatility remains low. As consistently emphasised by Dhwani Patel, success in such phases comes from respecting levels, managing risk, and avoiding emotional trades, even when sentiment turns positive. Frequently Asked Questions (FAQs) Q1. Is January 1 suitable for positional trades?Yes, if trades are aligned with structure and managed with defined risk. Q2. Is the trend bullish now?The short-term trend has turned bullish, though follow-through confirmation remains important. Q3. Should traders worry about low VIX?Low VIX supports trends but sudden spikes are always possible—risk control is key. Q4. Which index looks stronger?Bank Nifty is currently showing relatively stronger momentum. Disclosure & Disclaimer Dhwani Patel (SEBI Registration

Introduction: Markets Enter the Final Trading Day of 2025 The last trading session of the calendar year often carries symbolic as well as technical importance. December 31, 2025, arrives at a time when markets are balancing multiple forces — year-end book closing, profit booking, positioning for the new year, and reduced liquidity. These factors often make price action slow, indecisive, and heavily level-dependent. According to market analyst Dhwani Patel, the final session of the year should never be traded with aggression. Instead, it demands clarity, discipline, and respect for technical confirmation. Markets at such junctures often send early signals about sentiment for the opening days of January. This detailed trade setup for December 31, 2025, focuses on: Broader Market Overview: Indices Search for Direction The broader market environment continues to reflect short-term weakness with signs of stabilisation. While the recent decline has slowed, strong bullish conviction is still missing. Instead of sharp directional moves, markets are responding to key levels and derivatives activity. As Dhwani Patel explains, “When markets stop trending and start reacting, levels matter more than opinions.” Nifty 50 Technical Outlook for December 31, 2025 The Nifty 50 closed near 25,939, forming a Doji candlestick pattern on the daily chart. A Doji at support typically signals indecision, highlighting a tug-of-war between buyers and sellers after a recent decline. Technical Structure Analysis The Doji formation near support implies that sellers are losing dominance, but buyers are yet to assert full control. Nifty 50 Key Levels to Watch On the upside, immediate resistance is seen near 25,970, followed by 25,990–26,030. These zones coincide with previous breakdown levels and short-term supply areas. Any sustained move above these levels will be critical to signal a potential short-term recovery. On the downside, support lies near 25,890, with additional cushions near 25,870 and 25,830. A breakdown below these zones may reopen the door for deeper downside, while holding above them could result in sideways-to-positive movement. As per Dhwani Patel, “A Doji demands confirmation — traders should wait, not predict.” Bank Nifty Technical Outlook for December 31, 2025 Bank Nifty closed around 59,171, displaying relatively better strength compared to the Nifty. The index formed a bullish candle resembling an engulfing-type pattern, signalling improving sentiment after the recent decline. Technical Structure Analysis Overall, the setup indicates emerging strength with caution, rather than a confirmed bullish reversal. Bank Nifty Key Levels to Watch Immediate resistance for Bank Nifty lies near 59,265, followed by 59,390 and 59,595. A close above these levels would be required for sustained upside momentum. On the downside, supports are placed near 58,855, followed by 58,730 and 58,525. Fibonacci supports near 58,635 and 58,287 remain crucial to protect the broader structure. According to Dhwani Patel, “Bank Nifty often gives early clues; its ability to hold trendline support will shape sentiment.” Nifty Options Data: Weekly Positioning Signals Call Side Analysis The highest Call open interest is concentrated near the 26,000 strike, making it a strong resistance zone. Additional Call concentration is seen at 26,300 and 26,200, reinforcing overhead supply. Fresh Call writing at 26,000 suggests that traders are actively betting against immediate upside beyond this level. The absence of meaningful Call unwinding indicates continued resistance-based selling. Put Side Analysis On the Put side, significant open interest is also placed near 26,000, creating a critical pivot zone for Nifty. Additional support is visible at 25,900 and 25,600. Fresh Put writing near 25,900 suggests that traders are willing to defend lower levels, supporting the possibility of near-term stabilisation. Limited Put unwinding at higher strikes reflects reduced bearish aggression. This balanced positioning suggests a range-bound bias with volatility spikes near key levels. Bank Nifty Options Data: Monthly Expiry Perspective Call Side Positioning Maximum Call open interest is seen near 59,500, followed by 60,000 and 61,000, indicating heavy resistance overhead. Fresh Call writing at higher strikes reflects cautious sentiment among traders expecting limited upside. The absence of significant Call unwinding suggests that sellers remain confident about resistance zones holding. Put Side Positioning On the Put side, 59,500 also holds strong open interest, creating a narrow zone of activity. Additional Put support is visible near 59,000 and 58,000. Fresh Put writing at 59,000 indicates short-term confidence in downside protection, while limited Put unwinding suggests that traders are not aggressively positioning for a breakdown. Put-Call Ratio (PCR): Sentiment Improves Slightly The Nifty Put-Call Ratio rose to 0.92, up from 0.68 in the previous session. This increase reflects improving sentiment, as traders shift from aggressive Call selling toward more balanced positioning. As Dhwani Patel explains, “A rising PCR after a decline often signals stabilisation, not instant bullishness.” PCR below 1 still indicates caution, but the sharp recovery reduces immediate bearish pressure. India VIX: Volatility Remains Contained India VIX closed around 9.68, marginally lower on the day. Despite attempts to rise, volatility remains below all key moving averages, suggesting comfort among market participants. Low volatility generally favours stability but can also mask sudden directional moves, especially during low-liquidity sessions like year-end trading. Trading Strategy for December 31, 2025 – Dhwani Patel’s View For the final session of the year, Dhwani Patel advises a measured and confirmation-based approach: Year-end sessions are more about capital protection than performance. Key Risks to Monitor Conclusion: End the Year with Discipline, Not Risk The trade setup for December 31, 2025, reflects a market searching for direction. While Nifty remains cautious and indecisive near support, Bank Nifty shows early signs of stabilisation. Options data suggests range-bound movement, while volatility remains low. As emphasised by Dhwani Patel, the final trading day is best used to observe, assess, and protect capital, rather than force trades. How markets behave around these levels may offer valuable clues for the first trading sessions of 2026. Frequently Asked Questions (FAQs) Q1. Is December 31 a good day for trading?It is suitable for light, intraday trading, but not for aggressive positions. Q2. Is the market trend bearish or bullish?The market shows cautious consolidation, not a confirmed trend. Q3. Should swing traders hold positions overnight?It is

Introduction: Market Enters a Cautious Phase Ahead of Year-End As markets approach the final trading sessions of the year, price action often becomes more selective, cautious, and technically driven. December 30, 2025, sits at a critical junction where traders are balancing year-end profit booking with positioning for the new calendar year. Liquidity is thinner than usual, participation is selective, and derivative positioning begins to carry more weight than fresh cash flows. According to market analyst Dhwani Patel, this phase requires traders to lower aggression, increase discipline, and focus purely on technical levels rather than narratives. When indices slip below short-term averages near year-end, the market often sends early signals about sentiment heading into January. This detailed trade setup for December 30, 2025, breaks down: Market Overview: Weakness Creeps Into the Short-Term Structure The broader market closed the previous session with clear signs of short-term weakness, especially in headline indices. Selling pressure was visible near resistance zones, and price failed to hold above short-term moving averages. While this does not automatically indicate a trend reversal, it does highlight a shift from bullish momentum to caution and consolidation. As Dhwani Patel notes, “Markets don’t reverse trends overnight; they first show loss of momentum, distribution, and failed follow-through.” Nifty 50 Technical Outlook for December 30, 2025 The Nifty 50 closed around 25,942, and the day’s candle formation reflects bearish sentiment in the near term. The index formed a bearish candle on the daily timeframe and slipped below its short-term moving averages, which often acts as an early warning sign for traders. Technical Structure Analysis While the broader structure is not decisively broken, the loss of short-term support indicates that bulls are losing immediate control, and rallies may face selling pressure unless strong demand re-emerges. Nifty 50 Key Levels to Watch On the upside, the first resistance area lies around 26,060–26,100, which aligns with previous supply zones and heavy call option concentration. A sustained move above this range would be required to revive short-term bullish momentum. Further resistance emerges closer to 26,175, a zone that has consistently capped rallies in recent sessions. On the downside, 25,920 acts as an immediate support. A break below this level may expose the index to 25,870 and eventually 25,800, which is a psychologically and technically important zone. Holding above this lower band is crucial to avoid deeper correction. As per Dhwani Patel, “When indices trade below short-term averages, traders should treat supports as decision zones, not buying zones.” Bank Nifty Technical Outlook for December 30, 2025 Bank Nifty closed near 58,932, and its structure appears relatively weaker than the Nifty. The index formed a bearish candle with upper and lower shadows, which points towards indecision and distribution rather than accumulation. Technical Structure Analysis This combination suggests that Bank Nifty is in a vulnerable short-term phase, and any upside attempts may face resistance unless the index quickly reclaims key moving averages. Bank Nifty Key Levels to Watch Immediate resistance for Bank Nifty is seen near 59,080–59,150, followed by a stronger zone near 59,300. Unless these levels are crossed with volume, upside may remain limited. On the downside, support lies near 58,830, followed by 58,750. A break below these levels could expose the index to 58,630, which is a critical Fibonacci-supported area. Holding above this zone is essential to prevent further deterioration. Dhwani Patel highlights that, “Banks often lead market reversals; weakness in Bank Nifty should never be ignored.” Nifty Options Data: What Derivatives Are Indicating Call Side Positioning The highest call open interest is concentrated near the 26,100 and 26,000 strikes, indicating strong resistance overhead. Heavy call writing around these strikes suggests that traders expect Nifty to remain capped below these levels in the near term. Significant call writing at the 26,000 level also reinforces the idea that rallies toward this zone may face aggressive selling. Unwinding activity at higher strikes indicates profit booking in earlier bullish bets. Put Side Positioning On the put side, maximum open interest is observed near the 25,900 strike, making it an important short-term support. However, noticeable put unwinding near the 26,000 strike suggests that traders are reducing bullish hedges, which aligns with growing caution. The overall structure points to a narrow and fragile support zone, rather than strong confidence among bullish participants. Bank Nifty Options Data: Defensive Bias Emerges Call Side Activity Bank Nifty shows heavy call concentration at 59,000, followed by higher strikes. Large-scale call writing at this level signals that traders are actively betting against immediate upside: a clear sign of bearish bias. Unwinding at higher strikes further confirms that optimism is fading in banking stocks for the short term. Put Side Activity Maximum put open interest is also concentrated near 59,000, creating a classic option writers’ battle zone. However, increased put writing at lower strikes such as 58,800 suggests participants are bracing for potential downside moves while collecting premiums. This structure reflects uncertainty rather than confidence, typically seen during market consolidation or early distribution phases. Put-Call Ratio (PCR): Sentiment Turns Bearish The Nifty Put-Call Ratio declined further to 0.68, slipping below the psychologically important 0.7 mark. Historically, a PCR below 0.7 indicates that call writing is dominating put writing, reflecting bearish or cautious sentiment among traders. As per Dhwani Patel, “A falling PCR during weak price action often confirms that sentiment is aligning with price, not fighting it.” India VIX: Volatility Shows Signs of Discomfort India VIX rose to 9.72, snapping a three-day losing streak. While volatility remains relatively low in absolute terms, this bounce suggests that some discomfort is creeping back into the market. Low VIX levels often precede sharp directional moves, especially when combined with weakening price structure. Though bulls are not in immediate danger, the rise in VIX signals that complacency is reducing. Trading Strategy for December 30, 2025 – Dhwani Patel’s View For this session, Dhwani Patel advocates a defensive and selective trading approach: Swing traders should prioritise capital preservation over profit maximisation during this phase. Key Risks to Watch Conclusion: Trade with Caution, Not

Introduction: Why This Week Is Crucial for Swing Traders The final trading sessions of the calendar year and the opening days of the new year often mark a transition phase in market behaviour. Liquidity becomes selective, volatility compresses at the index level, and stock-specific momentum dominates overall market movement. For swing traders, this period is less about broad market direction and more about identifying strong individual structures. According to market analyst Dhwani Patel, swing trading during such phases requires a shift in mindset. Instead of aggressive trading, traders must focus on clean technical structures, disciplined risk management, and confirmation-based entries. Stocks that show relative strength during low-volatility periods often become leaders once liquidity improves in the new year. This blog provides a detailed, technical swing trading outlook for the week December 29, 2025 to January 02, 2026, covering: This is not a list of tips, but a structured technical study meant for serious short-term traders. How These Swing Trading Stocks Are Selected The stocks covered in this analysis are selected based on: As Dhwani Patel explains, “A swing trader’s edge comes from trading structure, not opinion.” Short-Term Swing View | 3–10 Trading Sessions Stock Technical Structure Buy Zone (₹) Stop Loss (₹) Swing Targets (₹) Swing Bias City Union Bank Higher lows, pullback in uptrend 282–288 Below 274 305 / 320 Bullish Tenneco Clean Air Ascending channel 500–508 Below 486 540 / 565 Bullish Prime Focus Momentum breakout, high beta 235–242 Below 220 270 / 295 Strong Bullish Craftsman Automation Higher high–higher low 7,150–7,250 Below 6,950 7,800 / 8,200 Bullish Belrise Industries Base breakout 170–175 Below 160 195 / 210 Bullish Cupid Strong momentum expansion 450–465 Below 425 520 / 600 Very Strong Can Fin Homes Range consolidation 890–905 Below 865 980 / 1,020 Neutral → Bullish Ashapura Minechem Commodity-driven uptrend 860–875 Below 825 950 / 1,030 Strong Bullish Dynamatic Technologies Higher bottom formation 9,300–9,450 Below 9,000 10,100 / 10,700 Bullish Midwest Rising channel 1,600–1,630 Below 1,550 1,780 / 1,900 Strong Bullish Shreeji Shipping Global Breakout retest 330–340 Below 315 380 / 410 Bullish Swing Trading Stock Analysis – Technical Structure & Outlook City Union Bank City Union Bank continues to remain one of the stronger private banking names in the mid-cap space. Technically, the stock has been forming a higher-low structure, indicating accumulation rather than distribution. Despite short-term pullbacks, the price continues to respect its rising trendline and remains above key medium-term moving averages. From a swing trading perspective, the stock appears to be in a controlled pullback within an uptrend. As long as it holds above its recent support zone in the high-270s to low-280s region, the structure remains positive. A bounce from this zone can open up a short-term swing toward the previous resistance area around the psychological 300 mark and beyond. According to Dhwani Patel, City Union Bank is suitable for traders who prefer lower volatility and structurally clean setups rather than fast-moving momentum plays. Tenneco Clean Air Tenneco Clean Air is trading within a well-defined ascending channel, which is a classic swing trading structure. The stock has been making higher highs while corrections remain shallow, suggesting strong participation from positional buyers. Technically, the stock shows signs of trend continuation, with every dip attracting buying interest near short-term supports. As long as the price sustains above the 490–500 zone on a closing basis, the probability favours further upside. Swing traders can expect continuation moves toward higher resistance zones if the broader auto ancillary space remains supportive. Dhwani Patel points out that stocks like Tenneco Clean Air are ideal for patience-driven swing trades, where traders enter near demand and allow the trend to unfold gradually. Prime Focus Prime Focus is a high-beta momentum stock, and it clearly reflects that character on the charts. The stock has delivered strong short-term returns and continues to trade in a momentum expansion phase. Volatility is elevated, and price swings are sharp, which makes it unsuitable for conservative traders. From a technical standpoint, the stock has broken out of its consolidation base and is now using previous resistance zones as support. As long as the stock holds above the low-230s region, the momentum structure remains intact. Any consolidation above this zone may act as a launchpad for the next swing leg. According to Dhwani Patel, Prime Focus should be traded only with reduced quantity and strict trailing stop-loss, as momentum stocks can reverse quickly once profit booking begins. Craftsman Automation Craftsman Automation continues to display a classic higher-high–higher-low formation on the daily chart. The stock has respected its trend structure well and has avoided deep corrections, which is a positive sign for swing traders. The technical structure suggests that the stock is currently in a healthy consolidation after an up-move, rather than a trend breakdown. Holding above the 7,000–7,100 zone keeps the swing bias positive. A sustained move above recent consolidation highs can lead to a renewed momentum phase. As per Dhwani Patel, this stock suits traders who prefer structured, less noisy price action with clear invalidation levels. Belrise Industries Belrise Industries has shown signs of base formation followed by a gradual breakout. The stock’s price behaviour suggests accumulation, with volumes picking up during upward moves while remaining muted during pullbacks. Technically, the stock is transitioning from a sideways phase to a potential trend initiation stage. As long as it sustains above the mid-160s region, the structure remains constructive. Swing traders can expect incremental upside rather than explosive moves, making it suitable for low-stress swing trading. Dhwani Patel notes that stocks like Belrise often reward traders who enter early in the trend and allow time to work in their favour. Cupid Cupid is one of the strongest momentum stocks in the current market setup. The stock has delivered exceptional 3-month returns and continues to trade with aggressive price expansion. Technically, it is in a strong uptrend with shallow retracements, which is typical of leadership stocks. However, with strength comes risk. The stock is extended, and volatility is high. From a swing

Market Overview Indian equity markets head into the December 29 trading session with a cautious undertone, following signs of short-term weakness in both benchmark indices. After a strong rally earlier in the month, markets are now showing symptoms of fatigue as profit booking increases near higher levels. According to market analyst Dhwani Patel, the current setup reflects a pause in momentum rather than a full-fledged reversal, but traders must remain alert as downside risks have started to increase. Technical indicators are cooling, options data shows rising Call writing at resistance levels, and volatility remains extremely low—often a precursor to sharper directional moves. With the year nearing its end and liquidity thinning, traders should shift focus from aggressive positioning to risk-controlled, level-based trading. Nifty 50: Technical Outlook Current Level: 26,042 The Nifty 50 formed a bearish candle with minor upper and lower shadows on the daily chart, reflecting uncertainty and selling pressure at higher levels. Notably, this session marked the first lower-high–lower-low formation in the last five sessions, suggesting that momentum has slowed. Key Technical Observations Momentum Indicators As per Dhwani Patel, these signals collectively point toward cautious sentiment with increasing downside risk if key support zones fail to hold. Key Levels for Nifty 50 Resistance (Pivot-Based): Support (Pivot-Based): Holding above 25,981–26,013 is crucial to avoid further downside. A decisive break below this zone could invite deeper correction. Bank Nifty: Technical Outlook Current Level: 59,011 Bank Nifty also reflected weakness, forming a bearish candle with long upper and lower shadows, highlighting volatility and indecision. Unlike earlier sessions, the index failed to sustain above short-term moving averages. Key Technical Observations Momentum Indicators According to Dhwani Patel, Bank Nifty’s structure reflects a weak short-term trend, with upside likely to remain capped unless strong buying emerges near support. Key Levels for Bank Nifty Resistance (Pivot-Based): Support (Pivot-Based): Fibonacci Resistance: Fibonacci Support: Sustaining below 59,136 keeps the bias weak for the index. Nifty Options Data: Monthly Expiry Analysis Call Options Activity The 26,200 strike holds the maximum Call open interest at 1.91 crore contracts, acting as a strong resistance. Other significant Call OI levels include: Fresh Call Writing Observed At: Call Unwinding Seen At: This heavy Call writing near current levels highlights strong resistance overhead. Nifty Put Options Data Put Options Activity The 26,000 strike holds the maximum Put open interest at 1.49 crore contracts, acting as a crucial support zone. Other notable levels: Put Writing Observed At: Put Unwinding Seen At: As noted by Dhwani Patel, the combination of Put unwinding at higher levels and Call writing near resistance suggests weakening bullish confidence. Bank Nifty Options Data: Monthly Expiry Call Options Activity The 59,500 strike holds the maximum Call open interest at 20.99 lakh contracts, followed closely by: Fresh Call Writing Seen At: Call Unwinding Seen At: This highlights persistent selling pressure near resistance. Bank Nifty Put Options Data Put Options Activity The 59,000 strike holds the maximum Put open interest at 14 lakh contracts, acting as immediate support. This is followed by: Put Writing Observed At: Put Unwinding Seen At: Options data points toward range-bound to weak sentiment. Put-Call Ratio (PCR) The Nifty Put-Call Ratio dropped sharply to 0.76, from 0.98 in the previous session. Interpretation As per Dhwani Patel, PCR moving toward 0.7 often aligns with market consolidation or corrective phases. India VIX India VIX closed at a fresh record low of 9.15, down 0.44 percent. What Low VIX Signals Low volatility combined with weakening momentum calls for extra caution. Trading Strategy for December 29, 2025 (Dhwani Patel’s View) According to Dhwani Patel, traders should adopt a defensive approach: Conclusion The trade setup for December 29, 2025, reflects a cautious and weakening short-term outlook, especially after the emergence of lower-high formations in Nifty and sustained weakness in Bank Nifty. While long-term trends remain intact, the near-term structure suggests increased downside risk unless key supports hold. As emphasised by Dhwani Patel, discipline and patience will be critical in navigating year-end market conditions. Disclosure & Disclaimer Dhwani Patel (SEBI Registration No: INH200008608) is a SEBI-registered Research Analyst.All views are for educational purposes only. This is not investment advice. Please consult your financial advisor before trading. Frequently Asked Questions (FAQs) Q1. Is the market bearish on December 29, 2025?The market shows cautious to weak signals in the short term, though no major breakdown has occurred yet. Q2. What is the key Nifty support level?The 26,000 zone remains a critical support for Nifty. Q3. Why is falling PCR important?A falling PCR indicates increasing bearish sentiment due to higher Call selling. Q4. Does low India VIX support bulls?Low VIX supports stability but also increases the risk of sudden sharp moves. Q5. Should traders trade aggressively today?No, traders should remain selective and risk-conscious.