NIFTY Infra

Nifty closes tad below the 200 DEMA (25,160), Doji formation after severe fall increases possibility of trend reversal, Overall trend remains in favour of bears, VIX reaches a seven-month high, Decisive and sustainable fall below 25,900 could drive Nifty down toward 24,600–24,400 levels

* Nifty closes tad below the 200 DEMA (25,160)
* Doji formation after severe fall increases possibility of trend reversal
* Overall trend remains in favour of bears, VIX reaches a seven-month high
* Decisive and sustainable fall below 25,900 could drive Nifty down toward 24,600–24,400 levels

shorts/business/trade-setup-for-january-22-top-15-things-to-know-before-the-opening-bell-2

* Nifty closes tad below the 200 DEMA (25,160)
* Doji formation after severe fall increases possibility of trend reversal
* Overall trend remains in favour of bears, VIX reaches a seven-month high
* Decisive and sustainable fall below 25,900 could drive Nifty down toward 24,600–24,400 levels

The Nifty 50 turned volatile after a severe correction seen in the previous session and closed a tad below the 200 DEMA (25,160), posting a one-third percent loss on January 21. The formation of indecisive pattern increases the possibility of a trend reversal after the recent fall, though confirmation is needed in the following session. In fact, the overall trend remains in favour of bears, and the VIX reached a seven-month high. A decisive and sustainable fall below 25,900 could drive the Nifty down toward the 24,600–24,400 levels; however, above 25,300, the index may move upward toward the 25,450–25,600 levels, experts said.

<img class="alignnone size-full wp-image-13784345 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/01/20260121173155_Image121012026.jpg" alt="Image121012026" width="1281" height="646" />

Here are 15 data points we have collated to help you spot profitable trades:

1) Key Levels For The <a href="https://www.moneycontrol.com/indian-indices/nifty-50-9.html" target="_blank">Nifty 50</a> (25,158)

Resistance based on pivot points: 25,272, 25,362, and 25,507

Support based on pivot points: 24,980, 24,891, and 24,745

Special Formation: The Nifty 50 formed a small green candle with long upper and lower shadows, resembling a doji-like candlestick pattern (not a classical one) on the daily timeframe, which indicated indecision among market participants. With the fall below the 200-day EMA, the index is now trading below all key moving averages, with the 10-day EMA breaking below the 100-day EMA and the 20-day EMA slipping below the 50-day EMA. Further, the index has shifted below the lower Bollinger Band. The RSI remained in the oversold zone at 27.89, while the MACD stayed below the signal and zero lines, with further weakness in the histogram. All this indicates continued weakness and heightened volatility.

2) Key Levels For The <a href="https://www.moneycontrol.com/indian-indices/nifty-bank-23.html" target="_blank">Bank Nifty</a> (58,800)

Resistance based on pivot points: 59,289, 59,564, and 60,011

Support based on pivot points: 58,396, 58,120, and 57,673

Resistance based on Fibonacci retracement: 59,356, 59,612

Support based on Fibonacci retracement: 57,811, 57,000

Special Formation: The Bank Nifty reported a bearish candle with long upper and lower shadows on the daily charts, indicating further weakness amid volatility. With Wednesday’s 1 percent fall, the index slipped below the 50-day EMA, though it continues to sustain above long-term moving averages (the 100-day and 200-day EMAs). The index managed to hold above the lower Bollinger Band as well as the 58,800 support level on a closing basis. The RSI dropped further to 40.77, while the MACD maintained a bearish crossover with a further decline in the histogram. All this indicates cautious sentiment with downside risk persisting.

<img class="alignnone size-full wp-image-13784347 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/01/20260121173226_Image221012026.jpg" alt="Image221012026" width="1281" height="646" />

3) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Nifty Call Options Data</a>

According to the monthly options data, the maximum Call open interest was seen at the 25,500 strike (with 1.13 crore contracts). This level can act as a key resistance level for the Nifty in the short term. It was followed by the 25,800 strike (75.91 lakh contracts) and 25,900 strike (69 lakh contracts).

Maximum Call writing was observed at the 25,200 strike, which saw an addition of 42.06 lakh contracts, followed by the 25,100 and 25,300 strikes, which added 30.69 lakh and 27.03 lakh contracts, respectively. There was hardly any Call unwinding seen in the 24,400-26,000 strike band.

<img class="alignnone size-full wp-image-13784348 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/01/20260121173243_Image521012026.jpg" alt="Image521012026" width="1260" height="343" />

4) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Nifty Put Options Data</a>

On the Put side, the 25,000 strike holds the maximum Put open interest (with 88.66 lakh contracts), which can act as a key support level for the Nifty in the short term. It was followed by the 24,500 strike (67.07 lakh contracts) and the 25,200 strike (55.93 lakh contracts).

The maximum Put writing was placed at the 24,700 strike, which saw an addition of 25.9 lakh contracts, followed by the 25,100 and 24,900 strikes, which added 24.37 lakh and 18.14 lakh contracts, respectively. The maximum Put unwinding was seen at the 25,500 strike, which shed 11.88 lakh contracts, followed by the 25,600 and 25,800 strikes, which shed 11.23 lakh and 7.33 lakh contracts, respectively.

<img class="alignnone size-full wp-image-13784349 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/01/20260121173302_Image621012026.jpg" alt="Image621012026" width="1254" height="339" />

5) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Bank Nifty Call Options Data</a>

According to the monthly options data, the maximum Call open interest was seen at the 60,000 strike, with 19.03 lakh contracts. This can act as a key resistance level for the index in the short term. It was followed by the 59,500 strike (10.98 lakh contracts) and the 60,500 strike (7.51 lakh contracts).

Maximum Call writing was observed at the 59,000 strike (with the addition of 3.95 lakh contracts), followed by the 59,500 strike (2.41 lakh contracts) and 59,400 strike (2.13 lakh contracts). The maximum Call unwinding was seen at the 60,100 strike, which shed 98,790 contracts, followed by the 60,200 and 59,900 strikes which shed 61,710 and 29,010 contracts, respectively.

<img class="alignnone size-full wp-image-13784350 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/01/20260121173321_Image721012026.jpg" alt="Image721012026" width="1257" height="341" />

6) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Bank Nifty Put Options Data</a>

On the Put side, the 58,500 strike holds the maximum Put open interest (with 8.7 lakh contracts), which can act as a key support level for the index. This was followed by the 58,000 strike (8.08 lakh contracts) and the 59,500 strike (7.3 lakh contracts).

The maximum Put writing was placed at the 58,500 strike (which added 1.86 lakh contracts), followed by the 58,200 strike (1.28 lakh contracts) and the 58,300 strike (85,800 contracts). The maximum Put unwinding was seen at the 59,500 strike, which shed 3.4 lakh contracts, followed by the 59,000 and 60,000 strikes, which shed 3.22 lakh and 1.42 lakh contracts, respectively.

<img class="alignnone size-full wp-image-13784352 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/01/20260121173340_Image821012026.jpg" alt="Image821012026" width="1254" height="342" />

7) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Funds Flow (Rs crore)</a>

<img class="alignnone size-full wp-image-13784353 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/01/20260121173358_Image921012026.jpg" alt="Image921012026" width="763" height="356" />

8) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Put-Call Ratio</a>

The Nifty Put-Call ratio (PCR), which indicates the mood of the market, rose to 0.78 on January 21, compared to 0.72 in the previous session.

The increasing PCR, or being higher than 0.7 or surpassing 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling in Calls is higher than selling in Puts, reflecting a bearish mood in the market.

<img class="alignnone size-full wp-image-13784354 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/01/20260121173417_Image321012026.jpg" alt="Image321012026" width="1231" height="502" />

9) <a href="https://www.moneycontrol.com/indian-indices/india-vix-36.html" target="_blank">India VIX</a>

The India VIX, which measures expected market volatility, jumped 8.25 percent to 13.78, marking the highest closing level since June 23, 2025. Short- and medium-term moving averages are trending upward, signalling rising risk for bulls. Generally, the VIX moves upward ahead of the Union Budget.

<img class="alignnone size-full wp-image-13784355 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/01/20260121173436_Image421012026.jpg" alt="Image421012026" width="1281" height="646" />

10) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Long Build-up (26 Stocks)</a>

A long build-up was seen in 26 stocks. An increase in open interest (OI) and price indicates a build-up of long positions.

<img class="alignnone size-full wp-image-13784356 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/01/20260121173453_Image1021012026.jpg" alt="Image1021012026" width="557" height="235" />

11) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Long Unwinding (72 Stocks)</a>

72 stocks saw a decline in open interest (OI) along with a fall in price, indicating long unwinding.

<img class="alignnone size-full wp-image-13784357 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/01/20260121173509_Image1121012026.jpg" alt="Image1121012026" width="563" height="235" />

12) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Short Build-up (77 Stocks)</a>

77 stocks saw an increase in OI along with a fall in price, indicating a build-up of short positions.

<img class="alignnone size-full wp-image-13784358 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/01/20260121173525_Image1221012026.jpg" alt="Image1221012026" width="556" height="235" />

13) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Short-Covering (37 Stocks)</a>

37 stocks saw short-covering, meaning a decrease in OI, along with a price increase.

<img class="alignnone size-full wp-image-13784359 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/01/20260121173542_Image1321012026.jpg" alt="Image1321012026" width="541" height="235" />

14) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">High Delivery Trades</a>

Here are the stocks that saw a high share of delivery trades. A high share of delivery reflects investing (as opposed to trading) interest in a stock.

<img class="alignnone size-full wp-image-13784360 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/01/20260121173610_Image1421012026.jpg" alt="Image1421012026" width="736" height="235" />

15) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Stocks Under F&amp;O Ban</a>

Securities banned under the F&amp;O segment include companies where derivative contracts cross 95 percent of the market-wide position limit.

Stocks added to F&amp;O ban: Bandhan Bank

Stocks retained in F&amp;O ban: Sammaan Capital

Stocks removed from F&amp;O ban: SAIL

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

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Trade setup for January 22: Top 15 things to know before the opening bell

The Nifty 50 turned volatile after a severe correction seen in the previous session and closed a tad below the 200 DEMA (25,160), posting a one-third percent loss on January 21. The formation of indecisive pattern increases the possibility of a trend reversal after the recent fall, though confirmation is needed in the following session. In fact, the overall trend remains in favour of bears, and the VIX reached a seven-month high. A decisive and sustainable fall below 25,900 could drive the Nifty down toward the 24,600–24,400 levels; however, above 25,300, the index may move upward toward the 25,450–25,600 levels, experts said.



Here are 15 data points we have collated to help you spot profitable trades:

1) Key Levels For The Nifty 50 (25,158)

Resistance based on pivot points: 25,272, 25,362, and 25,507

Support based on pivot points: 24,980, 24,891, and 24,745

Special Formation: The Nifty 50 formed a small green candle with long upper and lower shadows, resembling a doji-like candlestick pattern (not a classical one) on the daily timeframe, which indicated indecision among market participants. With the fall below the 200-day EMA, the index is now trading below all key moving averages, with the 10-day EMA breaking below the 100-day EMA and the 20-day EMA slipping below the 50-day EMA. Further, the index has shifted below the lower Bollinger Band. The RSI remained in the oversold zone at 27.89, while the MACD stayed below the signal and zero lines, with further weakness in the histogram. All this indicates continued weakness and heightened volatility.

2) Key Levels For The Bank Nifty (58,800)

Resistance based on pivot points: 59,289, 59,564, and 60,011

Support based on pivot points: 58,396, 58,120, and 57,673

Resistance based on Fibonacci retracement: 59,356, 59,612

Support based on Fibonacci retracement: 57,811, 57,000

Special Formation: The Bank Nifty reported a bearish candle with long upper and lower shadows on the daily charts, indicating further weakness amid volatility. With Wednesday’s 1 percent fall, the index slipped below the 50-day EMA, though it continues to sustain above long-term moving averages (the 100-day and 200-day EMAs). The index managed to hold above the lower Bollinger Band as well as the 58,800 support level on a closing basis. The RSI dropped further to 40.77, while the MACD maintained a bearish crossover with a further decline in the histogram. All this indicates cautious sentiment with downside risk persisting.



3) Nifty Call Options Data

According to the monthly options data, the maximum Call open interest was seen at the 25,500 strike (with 1.13 crore contracts). This level can act as a key resistance level for the Nifty in the short term. It was followed by the 25,800 strike (75.91 lakh contracts) and 25,900 strike (69 lakh contracts).

Maximum Call writing was observed at the 25,200 strike, which saw an addition of 42.06 lakh contracts, followed by the 25,100 and 25,300 strikes, which added 30.69 lakh and 27.03 lakh contracts, respectively. There was hardly any Call unwinding seen in the 24,400-26,000 strike band.



4) Nifty Put Options Data

On the Put side, the 25,000 strike holds the maximum Put open interest (with 88.66 lakh contracts), which can act as a key support level for the Nifty in the short term. It was followed by the 24,500 strike (67.07 lakh contracts) and the 25,200 strike (55.93 lakh contracts).

The maximum Put writing was placed at the 24,700 strike, which saw an addition of 25.9 lakh contracts, followed by the 25,100 and 24,900 strikes, which added 24.37 lakh and 18.14 lakh contracts, respectively. The maximum Put unwinding was seen at the 25,500 strike, which shed 11.88 lakh contracts, followed by the 25,600 and 25,800 strikes, which shed 11.23 lakh and 7.33 lakh contracts, respectively.



5) Bank Nifty Call Options Data

According to the monthly options data, the maximum Call open interest was seen at the 60,000 strike, with 19.03 lakh contracts. This can act as a key resistance level for the index in the short term. It was followed by the 59,500 strike (10.98 lakh contracts) and the 60,500 strike (7.51 lakh contracts).

Maximum Call writing was observed at the 59,000 strike (with the addition of 3.95 lakh contracts), followed by the 59,500 strike (2.41 lakh contracts) and 59,400 strike (2.13 lakh contracts). The maximum Call unwinding was seen at the 60,100 strike, which shed 98,790 contracts, followed by the 60,200 and 59,900 strikes which shed 61,710 and 29,010 contracts, respectively.



6) Bank Nifty Put Options Data

On the Put side, the 58,500 strike holds the maximum Put open interest (with 8.7 lakh contracts), which can act as a key support level for the index. This was followed by the 58,000 strike (8.08 lakh contracts) and the 59,500 strike (7.3 lakh contracts).

The maximum Put writing was placed at the 58,500 strike (which added 1.86 lakh contracts), followed by the 58,200 strike (1.28 lakh contracts) and the 58,300 strike (85,800 contracts). The maximum Put unwinding was seen at the 59,500 strike, which shed 3.4 lakh contracts, followed by the 59,000 and 60,000 strikes, which shed 3.22 lakh and 1.42 lakh contracts, respectively.



7) Funds Flow (Rs crore)



8) Put-Call Ratio

The Nifty Put-Call ratio (PCR), which indicates the mood of the market, rose to 0.78 on January 21, compared to 0.72 in the previous session.

The increasing PCR, or being higher than 0.7 or surpassing 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling in Calls is higher than selling in Puts, reflecting a bearish mood in the market.



9) India VIX

The India VIX, which measures expected market volatility, jumped 8.25 percent to 13.78, marking the highest closing level since June 23, 2025. Short- and medium-term moving averages are trending upward, signalling rising risk for bulls. Generally, the VIX moves upward ahead of the Union Budget.



10) Long Build-up (26 Stocks)

A long build-up was seen in 26 stocks. An increase in open interest (OI) and price indicates a build-up of long positions.



11) Long Unwinding (72 Stocks)

72 stocks saw a decline in open interest (OI) along with a fall in price, indicating long unwinding.



12) Short Build-up (77 Stocks)

77 stocks saw an increase in OI along with a fall in price, indicating a build-up of short positions.



13) Short-Covering (37 Stocks)

37 stocks saw short-covering, meaning a decrease in OI, along with a price increase.



14) High Delivery Trades

Here are the stocks that saw a high share of delivery trades. A high share of delivery reflects investing (as opposed to trading) interest in a stock.



15) Stocks Under F&amp;amp;O Ban

Securities banned under the F&amp;amp;O segment include companies where derivative contracts cross 95 percent of the market-wide position limit.

Stocks added to F&amp;amp;O ban: Bandhan Bank

Stocks retained in F&amp;amp;O ban: Sammaan Capital

Stocks removed from F&amp;amp;O ban: SAIL

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Disclaimer: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

The benchmark equity indices extended losses for a third straight session on Wednesday amid heightened geopolitical tensions, weak cues from global markets and continued foreign fund outflows.

Recovering a large part of its sharp intra-day fall, the Sensex settled 270.84 points, or 0.33 percent, lower at 81,909.63. During the day, the index had slumped 1,056.02 points, or 1.28 percent, to hit an intra-day low of 81,124.45.

The Nifty declined 75 points, or 0.3 percent, to settle at 25,157.50.

Technical analysts said the Nifty remains under pressure and could see further downside if it sustains below its 200-day exponential moving average (EMA).

According to Bajaj Broking, the Nifty formed a high-wave candle on the daily chart while posting a lower high and a lower low, indicating continuation of the ongoing corrective phase. The index slipped below the previous session’s low and briefly breached the 25,000 mark, touching an intra-day low of 24,919.8, before recovering amid oversold conditions.

Despite the rebound, the index closed near its 200-day EMA, placed around 25,161, after decisively trading below it during the session. "The broader bias remains negative. A sustained move below the 200-day EMA could accelerate the decline towards the 24,800 level. On the upside, immediate resistance is seen at 25,200, followed by 25,500," the brokerage said.

Nilesh Jain, head of technical and derivatives research at Centrum Broking Ltd, said markets continued to witness sharp volatility, with the Nifty recovering from lower levels and closing marginally above its 200-day moving average.

On the daily chart, the index formed a high-wave Doji, reflecting indecision among participants, he said. The relative strength index (RSI) has entered deeply oversold territory at 28, indicating scope for a short-term pullback. However, the broader trend remains weak as long as the Nifty trades below its 100-day moving average at 25,580, Jain added.

He said immediate support levels are placed at 25,120 and 25,000. The India VIX rose 7 percent to close at 13.60, signalling elevated uncertainty in the market.

Sudeep Shah, head of technical and derivatives research at SBI Securities, said the 24,950-24,900 zone will act as immediate support for the Nifty. A sustained move below this range could extend weakness towards lower levels, while the 25,300-25,350 zone is expected to act as an immediate resistance on the upside.

Meanwhile, Bank Nifty underperformed, closing 1.02 per cent lower at 58,800 after breaking below its upward-sloping trendline on the daily chart. The index also slipped below its 50-day EMA of 59,040.

Shah said momentum indicators for Bank Nifty continue to weaken, with the RSI hovering near 40 and bearish signals emerging. The 58,200-58,100 zone, corresponding to the 100-day EMA, is seen as immediate support. A sustained move below 58,100 could drag the index towards 57,800. On the upside, resistance is placed in the 59,100-59,200 range.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

A financial journalist with over 10 years of experience, specialising in tracking stock market movements and fundamental developments that impact investors and the broader economy. A keen observer of global financial markets, I regularly engage with leading market voices to write stories. At Moneycontrol, I focus on decoding market trends, policy shifts and economic changes, driven by a constant passion to learn, analyse, and share knowledge with my readers.

Nifty could accelerate decline towards 24,800 on sustained move below 200-day EMA, say experts; resistance seen at 25,200

The benchmark equity indices extended losses for a third straight session on Wednesday amid heightened geopolitical tensions, weak cues from global markets and continued foreign fund outflows.

Recovering a large part of its sharp intra-day fall, the Sensex settled 270.84 points, or 0.33 percent, lower at 81,909.63. During the day, the index had slumped 1,056.02 points, or 1.28 percent, to hit an intra-day low of 81,124.45.

The Nifty declined 75 points, or 0.3 percent, to settle at 25,157.50.

Technical analysts said the Nifty remains under pressure and could see further downside if it sustains below its 200-day exponential moving average (EMA).

According to Bajaj Broking, the Nifty formed a high-wave candle on the daily chart while posting a lower high and a lower low, indicating continuation of the ongoing corrective phase. The index slipped below the previous session’s low and briefly breached the 25,000 mark, touching an intra-day low of 24,919.8, before recovering amid oversold conditions.

Despite the rebound, the index closed near its 200-day EMA, placed around 25,161, after decisively trading below it during the session. &quot;The broader bias remains negative. A sustained move below the 200-day EMA could accelerate the decline towards the 24,800 level. On the upside, immediate resistance is seen at 25,200, followed by 25,500,&quot; the brokerage said.

Nilesh Jain, head of technical and derivatives research at Centrum Broking Ltd, said markets continued to witness sharp volatility, with the Nifty recovering from lower levels and closing marginally above its 200-day moving average.

On the daily chart, the index formed a high-wave Doji, reflecting indecision among participants, he said. The relative strength index (RSI) has entered deeply oversold territory at 28, indicating scope for a short-term pullback. However, the broader trend remains weak as long as the Nifty trades below its 100-day moving average at 25,580, Jain added.

He said immediate support levels are placed at 25,120 and 25,000. The India VIX rose 7 percent to close at 13.60, signalling elevated uncertainty in the market.

Sudeep Shah, head of technical and derivatives research at SBI Securities, said the 24,950-24,900 zone will act as immediate support for the Nifty. A sustained move below this range could extend weakness towards lower levels, while the 25,300-25,350 zone is expected to act as an immediate resistance on the upside.

Meanwhile, Bank Nifty underperformed, closing 1.02 per cent lower at 58,800 after breaking below its upward-sloping trendline on the daily chart. The index also slipped below its 50-day EMA of 59,040.

Shah said momentum indicators for Bank Nifty continue to weaken, with the RSI hovering near 40 and bearish signals emerging. The 58,200-58,100 zone, corresponding to the 100-day EMA, is seen as immediate support. A sustained move below 58,100 could drag the index towards 57,800. On the upside, resistance is placed in the 59,100-59,200 range.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Indian markets fall for third session; Sensex down 270 points, Nifty below 25,200, BSE market cap dropped by Rs 1.45 lakh crore; most sectoral indices ended in red, Rupee hit record low of 91.74 per dollar before closing at 91.70

* Indian markets fall for third session; Sensex down 270 points, Nifty below 25,200
* BSE market cap dropped by Rs 1.45 lakh crore; most sectoral indices ended in red
* Rupee hit record low of 91.74 per dollar before closing at 91.70

Indian equity markets fell for a third straight session amid global tensions and a Japanese debt sell-off, dragging indices below key averages. Nifty dipped below 25,000 intraday but closed above 25,100. Most sectors declined; rupee hit a record low of 91.74.

shorts/business/taking-stock-market-extends-losing-streak-to-third-session-sensex-down-271-pts-nifty-under-25-200

* Indian markets fall for third session; Sensex down 270 points, Nifty below 25,200
* BSE market cap dropped by Rs 1.45 lakh crore; most sectoral indices ended in red
* Rupee hit record low of 91.74 per dollar before closing at 91.70

The Indian equity market extended its losing streak for a third consecutive session on January 21 amid weak global cues, including geopolitical tensions over Greenland and a sharp sell-off in Japanese government debt. The sustained selling pressure dragged the benchmark indices <a href="https://www.moneycontrol.com/news/business/markets/global-selloff-drags-sensex-nifty-below-200-day-moving-average-for-first-time-in-eight-months-13783016.html">below their 200-day moving averages</a> for the first time in eight months.

The market opened on a negative note, and continued selling pushed the Nifty index below the 25,000 mark intraday for the first time since October 6, 2025. However, value buying in select stocks helped the index recover from the day’s low, enabling it to close above 25,100.

At close, the Sensex was down 270.84 points or 0.33 percent at 81,909.63, and the Nifty was down 75 points or 0.30 percent at 25,157.50.

The broader indices once again underperformed the benchmarks, with the BSE Midcap and Smallcap indices declining about 1 percent each.

Also Read: <a href="https://www.moneycontrol.com/news/business/personal-finance/gold-hits-record-as-trump-tariffs-greenland-tensions-fuel-safe-haven-demand-13782202.html">Gold hits record as Trump tariffs, Greenland tensions fuel safe-haven demand</a>

In today's market fall, the market capitalisation of BSE-listed companies fell by nearly Rs 1.45 lakh crore to Rs 454.37 lakh crore from Rs 455.82 lakh crore.

Except for metal and oil &amp; gas, all other sectoral indices ended in the red, with pharma, IT, private banks, realty and PSU banks declining between 0.5-1 percent.

On the Nifty, Trent, Bharat Electronics, ICICI Bank, Tata Consumer and Apollo Hospitals were among the top losers, while Eternal, Max Healthcare, InterGlobe Aviation, Hindalco and JSW Steel featured among the gainers.

In today’s session, the Indian rupee touched a fresh all-time low of 91.74 per dollar before closing at 91.70, compared with its previous close of 90.97.

Also Read - <a href="https://www.moneycontrol.com/news/business/markets/union-budget-2026-agriculture-segment-eyes-digital-infra-rural-credit-reform-13783129.html">Union Budget 2026: Agriculture segment eyes digital infra, rural credit reform</a>

In stocks, Highway Infrastructure shares slipped 3% despite winning order from NHAI, Shoppers Stop shares fell 6% as Q3 profit dips 69%, IndiaMART InterMESH shares added 6% after Q3 profit increases 55%, Vikram Solar shares slipped 8% despite 5-fold increase in Q3 consolidated profit, SRF shares declined 6% despite better Q3 earnings.

Also Read - <a href="https://www.moneycontrol.com/news/business/economy/govt-likely-to-allocate-rs-12-511-crore-to-spv-for-home-grown-transport-aircraft-13782952.html">Govt likely to allocate Rs 12,511-crore to SPV for home-grown transport aircraft</a>

More than 900 stocks touched their 52-week lows, including Kalyan Jewellers, C.E. Info Systems, Tata Chemicals, Poly Medicure, Cohance Lifesciences, IRB Infrastructure, Balrampur Chini Mills, Godrej Properties, Sapphire Foods, Havells India, Finolex Cables, Cera Sanitaryware, Inox Wind, GNFC, Dixon Technologies, Sterling and Wilson, Tube Investments of India, Afcons Infrastructure, Trent, among others. <a href="http://moneycontrol.com/stocks/market-stats/52-week-low-bse/?indexName=BSE%2520500&amp;id=12">Click to View More</a>

New Listing

Shares of Amagi Media Labs ended higher at Rs 348 after a weak stock market debut, having listed at a 12 percent discount at Rs 317 per share on the BSE, compared with its IPO price of Rs 361 per share.

Outlook for January 22

Rupak De, Senior Technical Analyst at LKP Securities

The Nifty has fallen below the 200DMA on an intraday basis for the first time in many weeks. It usually shakes the market when the 200DMA is challenged, and it is not going to be just black and white. Over the next few days, the index may remain highly volatile.

On the lower end, support is placed at 25,125. A decisive fall below 25,125 could trigger further panic in the market. On the higher end, resistance on a closing basis is placed at 25,200.

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities

After showing sharp weakness on Tuesday, Nifty shifted into a high volatility with weak bias on Wednesday and closed the day lower by 75 points. Nifty opened on a weak note and continued with negative trend in the early-mid part of the session. Upside recovery has emerged from near 24900 levels in the mid part, but the market was not able to sustain the recovery towards the end and closed lower.

A small green candle has been formed on the daily chart with long upper and lower shadow. Technically, this market action indicates a formation of doji type candle pattern (not a classical one), which is reflecting ongoing volatility in the market. Normally a formation of doji after a reasonable decline calls for a reversal post confirmation.

The underlying trend of the market continues to be weak. Nifty is finding difficulty in sustaining above the crucial support of 25150 levels (200day EMA). Further weakness below 24900 could possibly drag Nifty down to 24500 in the near term. However, a sustainable upmove above 25200 is likely to open short term bounce back in the market.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decision.

Taking Stock: Market extends losing streak to third session; Sensex down 271 pts, Nifty under 25,200

The Indian equity market extended its losing streak for a third consecutive session on January 21 amid weak global cues, including geopolitical tensions over Greenland and a sharp sell-off in Japanese government debt. The sustained selling pressure dragged the benchmark indices below their 200-day moving averages for the first time in eight months.

The market opened on a negative note, and continued selling pushed the Nifty index below the 25,000 mark intraday for the first time since October 6, 2025. However, value buying in select stocks helped the index recover from the day’s low, enabling it to close above 25,100.

At close, the Sensex was down 270.84 points or 0.33 percent at 81,909.63, and the Nifty was down 75 points or 0.30 percent at 25,157.50.

The broader indices once again underperformed the benchmarks, with the BSE Midcap and Smallcap indices declining about 1 percent each.

Also Read: Gold hits record as Trump tariffs, Greenland tensions fuel safe-haven demand

In today's market fall, the market capitalisation of BSE-listed companies fell by nearly Rs 1.45 lakh crore to Rs 454.37 lakh crore from Rs 455.82 lakh crore.

Except for metal and oil &amp;amp; gas, all other sectoral indices ended in the red, with pharma, IT, private banks, realty and PSU banks declining between 0.5-1 percent.

On the Nifty, Trent, Bharat Electronics, ICICI Bank, Tata Consumer and Apollo Hospitals were among the top losers, while Eternal, Max Healthcare, InterGlobe Aviation, Hindalco and JSW Steel featured among the gainers.

In today’s session, the Indian rupee touched a fresh all-time low of 91.74 per dollar before closing at 91.70, compared with its previous close of 90.97.

Also Read - Union Budget 2026: Agriculture segment eyes digital infra, rural credit reform

In stocks, Highway Infrastructure shares slipped 3% despite winning order from NHAI, Shoppers Stop shares fell 6% as Q3 profit dips 69%, IndiaMART InterMESH shares added 6% after Q3 profit increases 55%, Vikram Solar shares slipped 8% despite 5-fold increase in Q3 consolidated profit, SRF shares declined 6% despite better Q3 earnings.

Also Read - Govt likely to allocate Rs 12,511-crore to SPV for home-grown transport aircraft

More than 900 stocks touched their 52-week lows, including Kalyan Jewellers, C.E. Info Systems, Tata Chemicals, Poly Medicure, Cohance Lifesciences, IRB Infrastructure, Balrampur Chini Mills, Godrej Properties, Sapphire Foods, Havells India, Finolex Cables, Cera Sanitaryware, Inox Wind, GNFC, Dixon Technologies, Sterling and Wilson, Tube Investments of India, Afcons Infrastructure, Trent, among others. Click to View More

New Listing

Shares of Amagi Media Labs ended higher at Rs 348 after a weak stock market debut, having listed at a 12 percent discount at Rs 317 per share on the BSE, compared with its IPO price of Rs 361 per share.

Outlook for January 22

Rupak De, Senior Technical Analyst at LKP Securities

The Nifty has fallen below the 200DMA on an intraday basis for the first time in many weeks. It usually shakes the market when the 200DMA is challenged, and it is not going to be just black and white. Over the next few days, the index may remain highly volatile.

On the lower end, support is placed at 25,125. A decisive fall below 25,125 could trigger further panic in the market. On the higher end, resistance on a closing basis is placed at 25,200.

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities

After showing sharp weakness on Tuesday, Nifty shifted into a high volatility with weak bias on Wednesday and closed the day lower by 75 points. Nifty opened on a weak note and continued with negative trend in the early-mid part of the session. Upside recovery has emerged from near 24900 levels in the mid part, but the market was not able to sustain the recovery towards the end and closed lower.

A small green candle has been formed on the daily chart with long upper and lower shadow. Technically, this market action indicates a formation of doji type candle pattern (not a classical one), which is reflecting ongoing volatility in the market. Normally a formation of doji after a reasonable decline calls for a reversal post confirmation.

The underlying trend of the market continues to be weak. Nifty is finding difficulty in sustaining above the crucial support of 25150 levels (200day EMA). Further weakness below 24900 could possibly drag Nifty down to 24500 in the near term. However, a sustainable upmove above 25200 is likely to open short term bounce back in the market.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decision.

The stock market benchmarks settled lower for the third straight session on Wednesday as heightened geopolitical tensions, weak global peers and persistent foreign fund outflows unnerved investors.

Recovering most of its sharp intra-day losses, the Sensex settled 270.84 points or 0.33 percent lower at 81,909.63. The benchmark tanked 1,056.02 points, or 1.28 percent, to 81,124.45 during the day. The Nifty declined 75 points or 0.3 percent to 25,157.50.

The sharp correction has raised questions over whether markets can stage a rebound ahead of the Union Budget on February 1, with analysts recommending a cautious approach amid persistent global and domestic headwinds.

Santosh Meena, Head of Research at Swastika Investmart, said the recent pre-Budget correction has prompted investors to look for safety and value within the market. He said a defensive approach, along with selective long-term bets, could help navigate the current volatility.

"In light of the sharp pre-Budget correction, investors looking for safety and value should consider a defensive rotation mixed with strategic long-term bets. The most attractive pockets of value currently appear to be large-cap private banks and select Public Sector Undertakings (PSUs)," Meena said.

He noted that private lenders such as HDFC Bank, Kotak Mahindra Bank and Federal Bank have seen valuations moderate, offering favourable entry points compared to historical averages. At the same time, he said the broader structural outlook for PSUs remains intact despite the recent market pullback.

"Stocks like ONGC, BEL and Hindustan Copper are compelling due to their alignment with energy security, defence indigenisation and industrial demand. Additionally, allocating capital to the FMCG sector can provide a necessary defensive hedge, offering earnings visibility and stability to the portfolio during this period of heightened volatility," he added.

From a technical perspective, Meena said the 25,000 level has emerged as a key support for the Nifty.

“The 25,000 mark has emerged as the critical immediate support level for the Nifty, serving as a vital psychological floor that coincides with the 200-day moving average. If the Nifty manages to hold this level, a technical recovery or relief rally cannot be ruled out. However, a decisive breach below this support could signal a deeper correction and invite further selling pressure,” he said.

Echoing a cautious stance, Sunny Agrawal, Head of Fundamental Research at SBI Securities, said predicting a market revival ahead of the Budget remains difficult due to dominant global factors.

"It is very difficult to guess whether the markets will revive ahead of the Budget announcement as global factors such as geopolitical tensions and recent rhetoric by US President Donald Trump have led to a risk-off trade. This has weakened sentiment across global markets, including India," Agrawal said.

He pointed out that sustained selling by foreign institutional investors (FIIs) at the start of the year has added to the pressure, while recent margin calls and unwinding of leveraged positions by retail and high net-worth investors have further weighed on markets.

"The decline in the rupee against the dollar is again putting pressure in terms of selling from foreign institutional investors. At the same time, the strong rally in precious metals like gold and silver has likely led to a rotation of money out of equities," he said.

"Overall, sentiments remain tepid ahead of the Budget, and any recovery is likely to be muted," Agrawal added.

Ajit Mishra, Senior Vice-President (Research) at Religare Broking, said the combination of currency weakness, FII outflows and an uninspiring earnings season has dampened investor confidence.

"The fresh bout of weakness in the rupee against the US dollar, coupled with sustained selling by FIIs, has weighed heavily on market sentiment. Additionally, the ongoing earnings season has so far failed to deliver any meaningful positive surprises," Mishra said.

He added that with the Nifty slipping below its long-term 200-day exponential moving average around 25,150, the index could see further downside.

"The Nifty may witness further decline towards the 24,900 zone before any recovery attempt. Global cues, including geopolitical developments and trade tensions, will remain key drivers. Any easing on these fronts could provide a brief relief rally; otherwise, the market is likely to maintain a negative bias until the Union Budget," Mishra said.

The Nifty and Sensex lost about 1.4 percent and 1.3 percent, respectively, on Tuesday - their steepest single-day percentage drop in more than eight months, and logged their lowest closing levels in more than three months.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Will markets rebound from 4-month low ahead of Budget? Here's what analysts say

The stock market benchmarks settled lower for the third straight session on Wednesday as heightened geopolitical tensions, weak global peers and persistent foreign fund outflows unnerved investors.

Recovering most of its sharp intra-day losses, the Sensex settled 270.84 points or 0.33 percent lower at 81,909.63. The benchmark tanked 1,056.02 points, or 1.28 percent, to 81,124.45 during the day. The Nifty declined 75 points or 0.3 percent to 25,157.50.

The sharp correction has raised questions over whether markets can stage a rebound ahead of the Union Budget on February 1, with analysts recommending a cautious approach amid persistent global and domestic headwinds.

Santosh Meena, Head of Research at Swastika Investmart, said the recent pre-Budget correction has prompted investors to look for safety and value within the market. He said a defensive approach, along with selective long-term bets, could help navigate the current volatility.

&quot;In light of the sharp pre-Budget correction, investors looking for safety and value should consider a defensive rotation mixed with strategic long-term bets. The most attractive pockets of value currently appear to be large-cap private banks and select Public Sector Undertakings (PSUs),&quot; Meena said.

He noted that private lenders such as HDFC Bank, Kotak Mahindra Bank and Federal Bank have seen valuations moderate, offering favourable entry points compared to historical averages. At the same time, he said the broader structural outlook for PSUs remains intact despite the recent market pullback.

&quot;Stocks like ONGC, BEL and Hindustan Copper are compelling due to their alignment with energy security, defence indigenisation and industrial demand. Additionally, allocating capital to the FMCG sector can provide a necessary defensive hedge, offering earnings visibility and stability to the portfolio during this period of heightened volatility,&quot; he added.

From a technical perspective, Meena said the 25,000 level has emerged as a key support for the Nifty.

“The 25,000 mark has emerged as the critical immediate support level for the Nifty, serving as a vital psychological floor that coincides with the 200-day moving average. If the Nifty manages to hold this level, a technical recovery or relief rally cannot be ruled out. However, a decisive breach below this support could signal a deeper correction and invite further selling pressure,” he said.

Echoing a cautious stance, Sunny Agrawal, Head of Fundamental Research at SBI Securities, said predicting a market revival ahead of the Budget remains difficult due to dominant global factors.

&quot;It is very difficult to guess whether the markets will revive ahead of the Budget announcement as global factors such as geopolitical tensions and recent rhetoric by US President Donald Trump have led to a risk-off trade. This has weakened sentiment across global markets, including India,&quot; Agrawal said.

He pointed out that sustained selling by foreign institutional investors (FIIs) at the start of the year has added to the pressure, while recent margin calls and unwinding of leveraged positions by retail and high net-worth investors have further weighed on markets.

&quot;The decline in the rupee against the dollar is again putting pressure in terms of selling from foreign institutional investors. At the same time, the strong rally in precious metals like gold and silver has likely led to a rotation of money out of equities,&quot; he said.

&quot;Overall, sentiments remain tepid ahead of the Budget, and any recovery is likely to be muted,&quot; Agrawal added.

Ajit Mishra, Senior Vice-President (Research) at Religare Broking, said the combination of currency weakness, FII outflows and an uninspiring earnings season has dampened investor confidence.

&quot;The fresh bout of weakness in the rupee against the US dollar, coupled with sustained selling by FIIs, has weighed heavily on market sentiment. Additionally, the ongoing earnings season has so far failed to deliver any meaningful positive surprises,&quot; Mishra said.

He added that with the Nifty slipping below its long-term 200-day exponential moving average around 25,150, the index could see further downside.

&quot;The Nifty may witness further decline towards the 24,900 zone before any recovery attempt. Global cues, including geopolitical developments and trade tensions, will remain key drivers. Any easing on these fronts could provide a brief relief rally; otherwise, the market is likely to maintain a negative bias until the Union Budget,&quot; Mishra said.

The Nifty and Sensex lost about 1.4 percent and 1.3 percent, respectively, on Tuesday - their steepest single-day percentage drop in more than eight months, and logged their lowest closing levels in more than three months.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Live: Nifty recovers 150 pts from day's low in a choppy session, India VIX shoots | Closing Bell

9 out of 16 years NIFTY INFRA has given negative returns in January.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	9,095.98	9,176.47	9,280.58	8,991.87	8,911.38	8,807.27	8,726.78
Fibonacci	9,062.38	9,105.95	9,176.47	8,991.87	8,921.35	8,877.78	8,807.27
Camarilla	9,032.42	9,049.34	9,066.26	8,991.87	8,998.58	8,981.66	8,964.74

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