FRIDAY 

16-JAN-2026

 

Nifty index closed bullish with long upper shadow-Index below 20 EMA-RSI around 40-POI:  25755

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  small-bodied green candle with a long upper shadow on the daily charts.
• India VIX up by 1.09 percent to 11.32 levels.
• NBCC (India):The company has received an order worth Rs 55.02 crore from Indian Overseas Bank for the planning, designing, execution, and successful handover of the construction of the IOB New Regional Office in Raipur.
• Sun Pharma Advanced Research Company:The Board has approved the issuance of 3.85 crore warrants worth Rs 599.98 crore at a price of Rs 155.8 per share to Shanghvi Finance, the promoter group.
• Bharat Heavy Electricals:The company has commenced the supply of semi-high-speed underslung traction transformers for the Vande Bharat Sleeper Train project being executed by a BHEL-led consortium with TRSL.

Stocks in NEWS:-

• Biocon:The biopharmaceutical company has closed a Qualified Institutions Placement (QIP), raising Rs 4,150 crore through the issuance of 11.26 crore equity shares to eligible qualified institutional buyers at Rs 368.35 per share.

• Zydus Lifesciences:The company has received final approval from the United States Food and Drug Administration (USFDA) for Eltrombopag tablets, which are used for the treatment of thrombocytopenia (low platelet count) in specific blood disorders. Eltrombopag tablets had annual sales of $1,262.5 million in the United States.

• Dr Reddy's Laboratories:The pharma company announced the launch of over-the-counter (OTC) Olopatadine Hydrochloride Ophthalmic Solution, the generic equivalent of Extra Strength Pataday Once-Daily Relief, in the US market, as approved by the USFDA.

• RailTel Corporation of India:The company has received a Letter of Acceptance (LoA) from Central Railway for a Rs 88.66 crore project involving the supply, installation, testing, and commissioning (SITC) of IP-MPLS network equipment at various stations of the Mumbai, Pune, Solapur, Bhusawal, and Nagpur divisions of Central Railway for unified communication on Indian Railways.

• NTPC Green Energy:The Board has approved the Joint Venture Agreement for the incorporation of a 50:50 joint venture company (JVC) with GAIL (India) for undertaking renewable energy projects.

• Godrej Properties:The booking value grew 19% year-on-year to Rs 34,171 crore in 2025, while collections for the year increased 28% to Rs 18,979 crore.

• Shriram Finance:About 98.5% of shareholders voted in favour of the proposal to issue equity shares by way of a preferential issue on a private placement basis to MUFG Bank, and 91.9% of shareholders voted in favour of a one-time, non-recurring, fixed payment to Shriram Ownership Trust, the promoter of the company, for non-compete and non-solicit obligations.

• NITCO:The Board approved the appointment of Bikash Jain as Chief Financial Officer and designated him as a Key Managerial Personnel of the company, effective January 16.

• DLF:The National Company Law Tribunal (NCLT), Chandigarh, has approved the scheme of amalgamation between DLF and its 16 wholly owned subsidiaries, with the appointed date of the scheme being April 1, 2024.

• Aavas Financiers:Small Cap World Fund Inc., managed by global investment management firm Capital Group, exited Aavas Financiers by offloading its entire holding of 19.64 lakh shares (2.48% stake) at a price of Rs 1,440 per share, amounting to Rs 282.81 crore.

• IndiaMART InterMESH:Smallcap World Fund sold 6.26 lakh shares (1.04% stake) in IndiaMART InterMESH for Rs 132.17 crore. The fund held a 1.83% stake in the company as of September 2025.

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, fell to 0.81 on January 14, compared to 0.86 in the previous session.

BULK Deals:IndiaMART InterMESH, Aavas Financiers Etc.

Stocks In F&O Ban Period: SAIL,Sammaan Capital

Results Today:Reliance Industries, Wipro, Tech Mahindra, Tata Technologies, Bajaj Healthcare, Central Bank of India, Federal Bank, Geojit Financial Services, JB Chemicals & Pharmaceuticals, Jindal Saw, JSW Infrastructure, Kesoram Industries, L&T Finance, Polycab India, Poonawalla Fincorp, Sobha, and Leela Palaces Hotels & Resorts

GIFT NIFTY:  (Positive) 

25791     +6.50     +0.03

FII-DII: DIIs net buy shares worth Rs 5217 crore, FIIs net sell Rs 4781 crore.

NIFTY (25666) The support for the Nifty is: 25615-25570-25500 and the Resistance to the up move is at: 25760-25805-25875 levels.

BANKNIFTY (59580): The support for BankNifty is: 59385-58275-59095 and the Resistance to the up move is at 59745-59860-60040 levels.

**********************************************************************************************************************************************************************

Note:

CHECK THE MARKET DIRECTION BEFORE YOU TRADE

WE ARE NOT ADVISORY or TIPS PROVIDERS
we are not SEBI registered . you may consult your Financial advisor before taking trade.
Our views are based on candlestick charts,patterns,Mathematical based calculation ( pivot)
we are not responsible for any profit/loss as views are for Educational/Observation Purpose
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