Nifty:25048.65/-241.25/-0.95%;Candle:OF;Long day red; Bank Nifty:58473.1/-727/-1.23% Candle:OF;Long day red ; HB:OGU;Short day red;916;RIL:OF;Short day red;1387;TCS:OGU;Long day red;3157;
Market wrap up(DWM,T,N,E):The Nifty 50 could not see follow-up buying and shed nearly 1 percent on January 23, falling decisively below the 200 DEMA, accompanied by above-average volumes. Short-term moving averages trended down, with momentum indicators showing a sell signal and an elevated VIX signalling caution. Experts expect the benchmark index to consolidate, with support at the previous week’s low of 24,900. A convincing fall below this level can open the door for 24,600–24,500, which would act as a crucial support zone. On the higher side, the immediate resistance is placed at 25,160, followed by 25,350–25,450, which remains a key hurdle, experts said. The Nifty 50 formed a long bearish candle on the daily charts after neutral candlestick pattern formation in the previous couple of sessions, indicating weakness. With Friday’s correction, the index traded below all key moving averages, with short-term moving averages trending downward. The momentum indicators maintained a sell signal, with the RSI at 29.12 (oversold zone), while the MACD remained below the signal line as well as the zero line, with weakness in the histogram. All this indicates continued bearish momentum and limited upside in the near term. The Bank Nifty also reported a long red candle on the daily timeframe following Doji candlestick pattern formation, signalling control of bears. The index decisively broke the 58,800 zone, which had acted as a support multiple times in the past, and closed below the lower Bollinger Bands. The index fell below the 50-day EMA, with short-term moving averages trending downward. The momentum indicators also weakened, with the RSI falling to 38.98 and the MACD declining below the zero line with further weakness in the histogram. All this indicates sustained selling pressure and a bearish bias in the short term.
Nifty:25289.9/132.4/0.53%;Candle:OGU;Short day red; Bank Nifty:59200.1/399.8/0.68% Candle:OGU;Doji ; HB:OGU;Long day red;921;RIL:OGU;Short day red;1404;TCS:OGU;Doji;3152;
Stocks retained in F&O ban: Bandhan Bank, Sammaan Capital
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The Nifty 50 snapped its three-day losing streak, bouncing back above the 200-day EMA and rising over half a percent on January 22. This relief rally was on expected lines but, according to experts, needs a strong and sustainable close above 25,850 for continuation of the said uptrend. Until then, consolidation and volatility may be seen in the short term, given the bearish sentiment and elevated VIX. Immediate support is placed at 25,160, followed by 24,900 as a crucial support level; however, immediate resistance is seen at the 25,500–25,600 levels. The Nifty 50 formed a small bearish candle with upper and lower shadows, resembling a high-wave kind of pattern on the daily charts, indicating volatility and indecision among market participants. The index negated the lower highs–lower lows formation of the previous three sessions but needs strength for continuation of a higher high–low structure. The index climbed back above the 200 DEMA but remained below all other key moving averages, while the RSI (33.82) and MACD maintained a bearish crossover with the histogram below the zero line. The Stochastic RSI turned bullish but remained in the oversold zone. All this indicates a cautious near-term outlook despite the relief bounce. The Bank Nifty rallied 400 points and formed a doji candlestick pattern on the daily charts following three bearish candles, indicating indecision among bulls and bears. Generally, this pattern acts as a trend reversal signal but needs confirmation in the following session. The index negated the lower highs of the previous three consecutive sessions. It climbed above the 50 DEMA but remained below short-term moving averages and the midline of the Bollinger Bands, though it managed to hold above 58,800 (trendline support) for another session. The momentum indicators still signal a bearish mood, with the RSI at 47 below the reference line, while the MACD also remained below the signal line with further weakness in the histogram. All this indicates continued uncertainty in the near term.
Nifty:25157.5/-75/-0.3%;Candle:OGD;Doji; Bank Nifty:58800.3/-603.9/-1.02% Candle:OGD;Short day red ; HB:OGD;Short day red;921;RIL:OGD;Short day green;1408;TCS:OGD;Short day green;3122;
Market wrap up(DWM,T,N,E):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. 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. 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.
Nifty:25232.5/-353/-1.38%;Candle:OF;Long day red; Bank Nifty:59404.2/-487.15/-0.81% Candle:OGD;Long day red ; HB:OGU;Short day green;59404;RIL:OGD;Short day red;1392;TCS:OF;Short day red;3104;
Market wrap up(DWM,T,N,E):The Nifty 50 fell sharply by more than 1 percent to hit a three-and-a-half-month low on January 20, reaching close to the 200-day EMA (25,160) amid bearish technical and momentum indicators, subdued market breadth, and a rising India VIX. After a severe correction, the market may bounce back, but sustainability will be the key factor to watch. In such a scenario, the index is expected to face resistance in the 25,300–25,400 zone. Meanwhile, the immediate support is placed at 25,160, followed by 25,000–24,800, which remain crucial support levels, according to experts. The Nifty 50 formed a long red candle on the daily charts after a six-day consolidation breakdown, accompanied by above-average volumes, indicating rising selling pressure. The index traded well below the 20-, 50-, and 100-day EMAs, but held marginally above the 200-day EMA, with short-term moving averages trending downward. The 10-day EMA had already slipped below the 20- and 50-day EMAs, and now the 20-day EMA has breached the 50-day EMA on the downside. The RSI fell below 30, entering the oversold zone at 29.27, while the MACD remained below the zero line with a bearish crossover, and histogram weakness increased further. All these indicators point to strong bearish momentum and selling dominance in the near term. The Bank Nifty also formed a long bearish candle with minor upper and lower shadows on the daily timeframe, accompanied by above-average volumes, indicating a bearish sentiment. The index slipped below short-term moving averages and the midline of the Bollinger Bands in a single session, while the RSI at 48.82 maintained a bearish crossover. The MACD remained below the signal line, with continued weakness in the histogram. All these factors indicate sustained weakness and limited upside momentum in the index.
Nifty:25585.5/-108.85/-0.42%;Candle:OGD;; Bank Nifty:59891.35/-203.8/-0.34% Candle:OF; ; HB:OGU;Short day red with small lower wick;926;RIL:OGD;Long day red;1413;TCS:OGD;Red inverted hammer;3161;
Gift Nifty:25605.5/-10/-0.04% FII Long9%FutCash;-3260;Opt80%
OI data Nifty ( max pain WM)
OI data Bank Nifty (max pain W M)
News:
Events/Results:
Stocks added to F&O ban: Nil
Stocks retained in F&O ban: SAIL, Sammaan Capital
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The market started the week on a disappointing note, with the Nifty 50 losing 0.4 percent on January 19 and falling below the 100-day EMA for the first time since October 2025. Given the index has slipped below all key moving averages (except the 200 DEMA) and momentum indicators are weakening, a bearish to sideways trade may be seen in the next few sessions. If the index sustains below 25,600, a fall toward 25,450 (the immediate crucial support) cannot be ruled out. However, on the higher side, the 25,700–25,800 zone can act as a resistance area, experts said. The Nifty 50 formed a bearish candle with a long lower shadow on the daily timeframe, indicating pressure at higher levels and buying interest at lower levels. The index is near the lower Bollinger Band and is now trading below the 20-, 50-, and 100-day EMAs. The RSI dropped to 37.34, and the Stochastic RSI turned bearish, while the MACD remained below the zero line and signal line, with weakness in the histogram. All this indicates continued bearish bias in the near term. The Bank Nifty also reported a Nifty-like candlestick pattern but traded within the previous day’s range, falling 0.34 percent. The index almost tested the 20-day EMA and moved closer to the midline of the Bollinger Bands but defended both levels on a closing basis. The RSI slightly turned bearish but still held above the 50 mark at 57.29. The Stochastic RSI sustained a positive crossover, while the MACD is on the verge of a bullish crossover, with weakness in the histogram almost fading. All this indicates relative resilience compared to the broader market.
Nifty:25694.35/28.75/0.11%;Candle:OGU;Doji; Bank Nifty:60094.15/515/0.86% Candle:OF;Long day green ; HB:OGD;Short day green;931;RIL:OF;DojiL;1461;TCS:OGU;Short day red;3209;
Market wrap up(DWM,T,N,E):The Nifty 50 closed moderately higher amid volatile and rangebound trading on January 16. It attempted twice during the week, including on The Bank Nifty outperformed the benchmark Nifty 50 with above-average volumes and rallied 0.86 percent after convincingly breaking out of the consolidation of the previous four sessions. The index is now comfortably trading above all key moving averages and has moved closer to the upper Bollinger Bands, forming a long green candle on the daily timeframe. The RSI at 61.43 showed a positive crossover, and the Stochastic RSI maintained a bullish crossover, while the MACD is on the verge of a positive breakout with an almost flat histogram. All this indicates strengthening bullish momentum in the Bank Nifty.Friday, to sustain above the 50-day EMA (near 25,900) but failed. Hence, this level can be considered a strong hurdle for a sharp upward journey toward and beyond 26,000. On the other side, the index has been taking healthy support at the 100-day EMA (a tad above 25,600) on a closing basis for the last five straight sessions. Below this, the crucial support is placed at 25,450. Further, the momentum and technical indicators remained largely sideways to bearish. Hence, until the index decisively breaks the 25,600–25,900 range on either side, consolidation and caution may continue, experts said. The Nifty 50 formed a Doji-like candlestick pattern on both the daily and weekly charts, indicating indecision among market participants. The index traded below short-term moving averages, which trended downward, while the 50-day and 100-day EMAs remained flat for the last five sessions. It also sustained below the rising trendline, which is now acting as resistance after previously being a support trendline. The RSI remained in a narrow range around 40 for more than a week, while the MACD stayed below the signal line. The histogram remained below the zero line, though weakness faded slightly. All this indicates continued consolidation with a cautious to bearish undertone.
Nifty:25665.6/-66.7/-0.26%;Candle:OGD;Doji green; Bank Nifty:59580.15/1.35/0% Candle:OGD;Small green ; HB:OGD;Small Red;925;RIL:OGD;Small green;1459;TCS:OGD;Long day red;3197;
Market wrap up(DWM,T,N,E):The market remained range-bound at 25,600–25,900 (i.e., within the 100-day EMA and 50-day EMA) for the fourth straight session, with the Nifty 50 closing one-third of a percent lower on January 14. Technical and momentum indicators, along with an elevated VIX, continued to signal caution for bulls as the market awaits further corporate earnings. The index is expected to get a firm direction only after it convincingly breaks the above-mentioned range on either side. Below 25,600, the 25,450 level will be crucial to watch; however, on the higher side, above 25,900, a move towards 26,000–26,100 cannot be ruled out, according to experts. The Nifty 50 formed a small-bodied green candle with a long upper shadow on the daily charts, accompanied by above-average volumes, indicating selling pressure at higher levels amid range-bound trading. Additionally, there was a tweezer bottom–like pattern formation (not a classical one), which is a bullish reversal pattern but requires confirmation in the following session. The index continued to trade below short- and medium-term moving averages, with the 10-day EMA remaining below the 20-day EMA, and it is on the verge of breaking down below the 50-day EMA. The RSI dropped to 39.26, while the MACD remained below the signal line, with further weakness visible in the histogram. All these indicators suggest continued weakness and caution for bulls.
Nifty:25732.3/-57.95/-0.22%;Candle:OGU;Long day red; Bank Nifty:59578.8/128.3/0.22% Candle:OGU;Short day red ; HB:;OGU;:Long day red;RIL:;OGU;Long day red;TCS:;OGU;Short day green;
Market wrap up(DWM,T,N,E):The Nifty 50 gave up some of the previous day’s gains and closed 0.2 percent lower on January 13. The index negated the lower high–lower low formation of the previous five consecutive sessions, but remained below short- and medium-term moving averages along with bearish momentum indicators, indicating a cautious undertone. Consolidation is expected to continue until the index convincingly surpasses the 25,900–26,000 hurdle. Above this zone, an upward move towards 26,200–26,300 cannot be ruled out. On the downside, immediate support is placed at 25,600, followed by a crucial support at 25,450, experts said. The Nifty 50 formed a long bearish candle with a long lower shadow on the daily chart, indicating weakness along with continued buying interest at lower levels. The index reported a higher high–higher low formation for the first time in the last six sessions. It defended the 100-day EMA for the third straight session but failed to close above the 50-day EMA, while the 10-day EMA slipped below the 20-day EMA. Short-term moving averages continued to trend downward. The RSI, at 41.16, remained below the signal line, while the MACD also stayed below the reference line with further weakness in the histogram. All this indicates a lack of clear bullish confirmation and suggests continued caution in the near term. The Bank Nifty rose 0.22 percent and formed a bearish candle with a long lower shadow on the daily timeframe, indicating some weakness, though buying interest continued at lower levels for another session. The index negated the lower low structure of the previous five sessions and climbed above the 20-day EMA, sustaining above the midline of the Bollinger Bands as well as key support trendlines, which is positive. The RSI rose to 53.53 but remained below the reference line, while the MACD stayed below the signal line with weakness in the histogram. All this indicates a mixed-to-positive bias with selective buying at lower levels.
Nifty:25790.25/106.95/0.42%;Candle:OGD;Hammer green; Bank Nifty:59450.5/198.95/0.34% Candle:OGD;Hammer green ; HB:OGD;Doji;936;RIL:OF;Doji;1484;TCS:OGD;Short day green;3243;
Market wrap up(DWM,T,N,E):The Nifty 50 snapped its five-day losing streak and logged gains of four-tenths of a percent on January 12, supported by strong buying interest at lower levels and tracking favourable remarks on a trade deal by the US Ambassador. The formation of a Piercing Line pattern raised hopes for a continuation of the uptrend; however, momentum indicators still need to align with the bulls for a sustained market uptrend. If the index extends its gains, the 25,950–26,000 zone will be the key resistance to watch, as a decisive rally above this level could strengthen the bulls’ position. Until then, consolidation with range-bound trade may continue, with immediate support placed at 25,600, experts said. The Nifty 50 formed a bullish candle with a long lower shadow on the daily charts, indicating strong buying interest at lower levels. The pattern also resembles a Piercing Line–type formation, a bullish reversal pattern, but it requires confirmation in the following session. The 100-day EMA acted as support for another session; however, the index continued to trade below the 20-day and 50-day EMAs, as well as the midline of the Bollinger Bands. The RSI rose to 42.84 but remained well below the signal line, while the MACD maintained a bearish crossover with a further decline in the histogram. All these indicators suggest that while short-term buying interest has emerged, the broader momentum remains weak and calls for caution. The Bank Nifty also formed a Nifty-like candlestick pattern on the daily timeframe with above-average volumes, while defending support trendlines on a closing basis. The index reclaimed the midline of the Bollinger Bands but continued to trade below short-term moving averages. The RSI inched higher to 51.4, though it remained below the reference line. The MACD stayed bearish with a further decline in the histogram, while the Stochastic RSI slipped below the 20 mark. All these indicators suggest a mixed-to-cautious setup, with limited confirmation of a sustainable upside.
Nifty:25683.3/-193.55/-0.75%;Candle:OGD;Long day red; Bank Nifty:59251.55/-434.95/-0.73% Candle:OGD;Short day red ; HB:OGD;Long day red;939;RIL:OF;Short day green;1476;TCS:OGD;Short day green;3213;
Market wrap up(DWM,T,N,E):The Nifty 50 appeared to be caught in a bear trap as it witnessed a downtrend throughout last week ending January 9, with major selling pressure seen in the final two sessions. Momentum indicators signalled bearishness. Hence, experts expect bears to maintain the upper hand, with the possibility of further consolidation over the next few sessions. Sustaining below 25,700 could open the door for a decline towards 25,600, the immediate support, followed by crucial support levels at 25,450 and 25,300. However, on the upside, if the index reclaims and sustains above 25,700, the 25,900–26,000 zone will be the key area to watch. The Nifty 50 formed a long bearish candle with minor upper and lower shadows on the daily charts, accompanied by above-average volumes, indicating a continuation of the downtrend amid heightened volatility. The index fell below short- and medium-term moving averages and approached the 100-day EMA, while also trading below the lower Bollinger Bands. Momentum indicators signalled a bearish trend, with the RSI falling to 38.55 and the MACD turning negative as the histogram continued to decline. All these factors indicate sustained selling pressure and a weak short-term outlook. The Bank Nifty also formed a red candle with minor upper and lower shadows on the daily timeframe and slipped below the 20-day EMA as well as the midline of the Bollinger Bands, signalling that bears are gradually gaining strength. The index declined 0.73 percent amid high volumes. The RSI dropped to 47.96, while the MACD slipped below the reference line, with the histogram falling below the zero line. All these indicators suggest increasing bearish momentum.
