Amid negative global markets, foreign institutional investors (FIIs), sentiment, neutral domestic institutional investors (DIIs) and positive future & options (F&O) cues, the short-term trend of the Indian stock markets will be neutral on Tuesday, January 25, 2022. 

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Domestic equity benchmarks, the Sensex and the Nifty, on Monday, January 24, 2022, tumbled more than two and a half per cent amid negative cues from the global equity markets. The Sensex closed below the 57,500 mark while the Nifty ended below the 17,150 level.

The BSE Sensex plunged 1,546.67 points, or 2.62 per cent to finish at 57,416.51 and the NSE Nifty 50 lost 468.05 points, or 2.66 per cent, to settle at 17,149.10. In sectoral indices, the Bank Nifty index fell 626.75 points, or 1.67 per cent, to 36,847.55.

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The broader markets at the BSE underperformed the Sensex with S&P BSE MidCap and S&P BSE SmallCap declining 3.82 per cent and 4.43 per cent, respectively.

Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for January 25: 

Day support zone on Nifty is 16,900-16,975, below that 16,425-16,625 is a strong Buy zone.

Day higher zone on Nifty is 17,250-17,325, above that 17,375-17,475 is a strong Sell zone.

Day support zone on Bank Nifty is 36,375-36,525, below that 36,025-36,200 is the next Support zone.

Day higher zone on Bank Nifty is 37,500-37,575, above that 37,700-37,850 is a strong Sell zone.

FIIs long position decreased to a comfortable level at 44% Vs 50%, near oversold levels.

PCR near oversold levels at 0.67 Vs 0.87, short-covering expected from lower levels.

India VIX up by 21% at 22.83, Markets to remain volatile till Expiry.

For Existing Long Positions:

Nifty Intraday and Closing stop loss are 16,950

Bank Nifty Intraday stop loss is 36,350 and Closing stop loss is 36,900.

For Existing Short Positions:

Nifty Intraday and Closing stop loss are 17,300.

Bank Nifty Intraday stop loss is 37,850 and Closing stop loss is 37,600.

For New Positions:

Sell Nifty in 17375-17475 range: with a stop loss of 17,625 and target 17,250, 17,200, 17,150, 17,075, 17,000.

Aggressive Traders Sell Nifty with a strict stop loss of 17,250 and target 16,900, 16,825, 16,700, 16,625, 16,500, 16,425.

Buy Nifty in 16,425-16,625 range with a stop loss of 16,350 and target 16,700, 16,775, 16,825, 16,900, 16,975, 17,000.

Aggressive Traders Buy Nifty with a strict stop loss of 16,900 and target 17,200, 17,250, 17,300, 17,375, 17,475.

For New Positions:

Sell Bank Nifty in 37,500-37,750 range with a stop loss of 37,850 and target 37,375, 37,225, 37,050, 36,950.

Aggressive Traders Sell Bank Nifty with a strict stop loss of 37,250 and target 36,800, 36,625, 36,525, 36,375, 36,225, 36,025.

Buy Bank Nifty in 36,200-36,375 range with a stop loss of 36,000 and target 36,500, 36,625, 36,800, 36,950, 37,050, 37,225.

Aggressive Traders Buy Bank Nifty with a strict stop loss of 36,350 and target 37,225, 37,375, 37,500, 37,575, 37,750, 37,850.

F&O Ban Update:

3 Out Of Ban: BHEL, Indiabulls Housing Finance, Vodafone Idea

2 Already In Ban: NALCO, Escorts

New In Ban: Nil