Pre-Market Outlook – 23.01.2026
Indecisive close despite a bounce as 25,449 rejected – The index attempted to retrace early weakness, but lack of follow-through buying kept the structure fragile on higher prints. Intraday recovery flows were largely tactical rather than positional, with sellers defending the rejection zone as an opportunity to lighten up. Back to back indecisive candles now demand a strong break on either side for directional clarity.
Thank you for reading this post, don't forget to subscribe!Stable start likely for Nifty amid neutral global cues. India VIX comfortably hit the 15 target, allowing bulls to step in as bears showed fatigue after a sharp first leg of correction.
Nifty may attempt buying interest near 25,150 support, while 25,449 remains stiff resistance.
A break below 25,150 could drag toward 25,050, while a breakout above 25,449 may propel the index toward 25,600.
Positional trend resumes only above 25,740. Until then, meaningful rises may attract selling pressure.
Sectoral Focus
Energy(Pos), Pharma(Pos), IT(Pos), Defence(Pos), PSEs (Pos), Realty (Neg).
Stocks To Watch
Coforge, Mphasis, Interglobe Aviation, Adani Energy, Adani Total Gas, Indian Bank, Bandhan Bank, DLF, Premier Energies.
Earnings Corner
JSW Steel, Shriram Finance, BPCL, Cipla, Godrej Consumer Products, JSW Energy, Adani Green Energy, Indusind Bank, MCX India, Laurus Labs, Karur Vysya Bank, Nuvama Health, Sona BLW.
Traders are advised to employ a strong stoploss approach in all transactions.
Wishing everyone a Fruitful day!