Pre-Market Outlook – 21.01.2026
Correction stretches; must hold yesterday’s low (25171) – Nifty extended its corrective phase amid persistent profit-taking, slipping below a concrete support zones. Holding 25171 could allow stabilisation with sharp bounces, while a break below may deepen the correction further.
Thank you for reading this post, don't forget to subscribe!A flat but highly cautious open is likely for domestic indices, mirroring weakness across major foreign markets. Intraday direction hinges on 25,171. While holding above this level, Nifty may retest 25,365 / 25,449, where fresh supply could emerge. A slip below 25,171 could invite deeper selling toward 25,000, where a temporary pause may define the next leg.
With the first corrective leg complete, the positional tone has weakened, marked by fragile bounces.
Today’s close will influence the probability of breaching 24,700, a behavioural shift zone.
Sectoral Focus
Bank, Finance, Metal, Auto, Realty, Energy.
Stocks To Watch
HCL Technology, Lodha Developers, LTIM Mindtree, Power Grid Corporation, Persistent Systems, Gujarat Gas, SRF, Vikram Solar, and DCM Shriram.
Earnings Corner
Dr. Reddy’s Laboratories, Hindustan Petroleum, Bank of India, Oracle Financial Services Software, Eternal, Supreme Industries, Dalmia Bharat, KEI Industries, and PNB Housing.
Traders are advised to implement a strict stop loss discipline in all trades.
Wishing everyone a fortune day!