Pre-Market Outlook – 22.01.2026
Correction meets hesitation at the lows – Nifty remained in a corrective phase, but selling follow-through weakened as hesitation emerged at the lows. The structure now reflects a short term lower high/lower low setup, yet support zones are preventing a decisive breakdown. This behaviour suggests the first leg of correction may be nearing exhaustion, keeping the index in a wait and watch zone. For now, Sell-on-Rise remains dominant until key levels are reclaimed, while lows show hesitation rather than clean continuation.
Thank you for reading this post, don't forget to subscribe!A Gap-Up start is on the cards for Nifty amid favourable trends in global markets and the optimism over India-EU and India-US trade deals. Volatility may steer intraday moves with a Sell-on-Rise bias till it decisively crosses 25449 as its primary resistance. Until it occurs, the index is likely to oscillate between 25150 and 25,365. A range break may open 25000 on the downside or 25,450 on the upside.
Positionally, Nifty should close above 25740 to resume its bull trend. Till then, every meaningful rise could attract a sell.
Sectoral Focus
Metal(Pos), Oil & Gas(Pos), FMCG(Neu), Realty(Pos), Bank(Pos), Financial Services(Pos), Capital Goods(Pos).
Stocks To Watch
Hindustan Petroleum, Dr. Reddy’s Laboratories, Bank of India, Oracle Financial Services Software, Eternal, PNB Housing, Kalyan Jewellers, Dalmia Bharat.
Earnings Corner
Coforge, Adani Energy, Adani Total Gas, Interglobe Aviation, DLF, Indian Bank, Mphasis, Bandhan Bank, APL Apollo Tubes, CAMS, Syngene International, Premier Energies, Gujarat State Petro.
Maintain tight stoploss strategy across positions.
Wishing everyone a successful day!