FRIDAY 

23-JAN-2026

 

Nifty index closed bearish with small upper shadow and lower shadow-index negated LH-LL of last 3 session -Index below 20 EMA-RSI around 35-POI:  25400

FLAT to POSITIVE

Today’s Market Prediction:

• Gift Nifty Indicating about Nifty probability opening: would open FLAT
• Technically, Nifty is in the Bullish zone- BankNifty is in the Bullsh zone
• Nifty index formed a small bearish candle with upper and lower shadows, resembling a high-wave kind of pattern on the daily charts.
• India VIX fell by 3.12 percent to 13.35 levels.
• Oil and Natural Gas Corporation:The company has acquired a 50 percent stake each in Bharat Ethane One IFSC and Bharat Ethane Two IFSC via private placement. As a result of these equity subscriptions, ONGC has become a 50 percent joint venture partner with Mitsui O.S.K. Lines, Japan (MOL), in both companies.
• NTPC Green Energy:The company has signed a Memorandum of Understanding (MoU) with the Government of Uttar Pradesh for the development of renewable energy and green hydrogen projects in Uttar Pradesh.

Stocks in NEWS:-

• Ashoka Buildcon:The company has received a Letter of Acceptance for an order worth Rs 307.71 crore from the Public Works Department, Daman. The order involves the construction of a proposed signature bridge connecting Jampore Sea Front Road near the Lighthouse to Devka Sea Front Road at Parkota Sheri in Daman.

• RK Swamy:Porjinu Veliyath-promoted fund management company Equity Intelligence India has acquired 6.25 lakh shares (equivalent to 1.23 percent of paid-up equity) in RK Swamy at Rs 104.92 per share, valued at Rs 6.55 crore.

• Landmark Cars:Nippon India Small Cap Fund has acquired an additional 15.9 lakh shares (3.8 percent stake) in Landmark Cars at Rs 361 per share, amounting to Rs 57.4 crore. The fund already held a 3.64 percent stake in the company as of December 2025.

• Bajaj Consumer Care:BNP Paribas Financial Markets picked up 10.02 lakh shares (0.76 percent stake) at Rs 282.46 per share for Rs 28.31 crore.

• Gretex Corporate Services:Promoter entity Talent Investment Company sold 1.24 lakh shares in Gretex at Rs 300.60 per share and 1.75 lakh shares at Rs 300.86 per share, totalling a 1.32 percent stake worth Rs 9.02 crore

• Rama Steel Tubes, Valiant Communications:Ace investor Shankar Sharma sold 1 crore equity shares in Rama Steel Tubes at Rs 7.65 per share. However, he bought 59,100 shares in Valiant Communications at Rs 773.72 per share.

• Restaurant Brands Asia:238 Plan Associates LLC sold 33.88 lakh shares in Restaurant Brands Asia, while the Massachusetts Institute of Technology offloaded 1.17 crore shares, both at Rs 63.31 per share.

Market Indication:-

Global:FLAT to POSITIVE

NIFTY:FLAT to POSITIVE

BANKNIFTY:FLAT to POSITIVE

PCR:The Nifty Put-Call ratio (PCR), which indicates the mood of the market, increased to 0.87 on January 22, compared to 0.78 in the previous session.

BULK Deals:Bajaj Consumer Care,Landmark Cars Etc.

Stocks In F&O Ban Period:Bandhan Bank,Sammaan Capital

Results Today:Shriram Finance, Cipla, JSW Steel, IndusInd Bank, Bharat Petroleum Corporation, Adani Green Energy, DCB Bank, Godrej Consumer Products, Granules India, India Cements, JSW Energy, Laurus Labs, Multi Commodity Exchange of India, Nuvama Wealth Management, Piramal Finance, Sona BLW Precision Forgings, Urban Company, and Welspun Specialty Solutions 

GIFT NIFTY:  (Positive) 

25367     +8.50     +0.03

FII-DII: DIIs net buy shares worth Rs 4223 crore, FIIs net sell Rs 2550 crore.

NIFTY (25290) The support for the Nifty is: 25195-25135-25030 and the Resistance to the up move is at: 25400-25465-25565 levels.

BANKNIFTY (59200): The support for BankNifty is: 58910-58735-58550 and the Resistance to the up move is at 59485-59660-59950 levels.

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Our views are based on candlestick charts,patterns,Mathematical based calculation ( pivot)
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Maintain your daily risk as per your capital and risk management. daily risk should not cross more than 2 % of your Total capital . managing your risk is important in any kind of trading . If you are in direction of Profit then Trail your SL . without SL no trade. 

If you are Trading in Equity : then you may use this calculation for risk management
If Daily Risk in Equity is Rs. 250 and SL is of 5 points ( from entry point to SL point)  then Qty should be taken as per this Risk: 250/5 = Qty 50