Sectoral performance was mixed, with realty and pharma under pressure, while buying interest later in the session emerged in metals, financials and FMCG stocks, which helped stabilise the market. The Nifty Bank index added 198.95 points or 0.34 per cent to end at 59,450.50.
Midcap and smallcap indices mirrored Nifty's recovery from lows but underperformed, with Nifty Midcap 100 ending with 0.05 per cent loss and Nifty Smallcap 100 falling 0.5 per cent.
India VIX rose 4.05 per cent to sit at 11.37, reflecting heightened volatility.
Top Gainers, Losers
In the Nifty 50 pack, 30 stocks gained while 11 declined. Coal India and Tata Steel were the top gainers, followed by Asian Paints, JSW Steel, Hindalco, Trent, UltraTech Cement, HUL, SBI, Tata Consumer Products, ICICI Bank, TCS, Adani Enterprises, Nestle India, SBI Life, Grasim Industries, Airtel, Adani Ports, Titan and Maruti,
On the other hand, Infosys, TMPV, Bajaj Finance, Bajaj Auto, Eicher Motors, Shriram Finance, HDFC Bank and BEL were top losers.
Vinod Nair, Head of Research, Geojit Investments, said that markets rebounded from the day’s lows as investor sentiment improved following favorable remarks on trade deal by the US Ambassador ahead of the next round of negotiations. This positive undertone provided a lift to overall market sentiment.
"Value buying was also evident in consumer and banking stocks, as investors sought opportunities after recent corrections, supported by expectations of stronger Q3 earnings and improving demand. Additionally, precious metals maintained their upward momentum amid persistent geopolitical tensions," he said.
Nifty Support And Resistance Tomorrow
The tide turned sharply around noon following optimistic remarks from US Ambassador Sergio Gor. His confirmation that New Delhi and Washington are actively engaged in finalizing a trade deal and next call on the trade will take place tomorrow (Jan 13), ignited a massive more than 300-point recovery from the day's lows.
NSE cash market turnover was lower by 3 per cent as compared to the previous session.
Ajit Mishra, SVP, Research, Religare Broking, said that Nifty’s ability to hold the medium-term moving average around 25,600 and move back towards the 25,800 zone is encouraging, though sustainability will be crucial, with a strong resistance placed in the 25,900–26,000 band.
"In the current environment of mixed cues and elevated volatility, a selective, stock-specific approach with disciplined risk management remains advisable,: the expert said.
According to Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, today's price action signals a significant turnaround in the market for the short term. He said that the underlying trend of Nifty seems to have turned up post sharp weakness of last week. Having recovered from the key lower levels decisively, Nifty could advance towards the next hurdle of 26000-26100 levels in the next few sessions, the expert said.
Rupak De, Senior Technical Analyst at LKP Securities, Nifty faces resistance in the 26000–26100 zone, where selling pressure may re-emerge. On the lower end, immediate and crucial support is placed at 25650.
Nifty 50 Chart Candlestick
Nandish Shah, Deputy Vice President, HDFC Securities, said that Nifty has ended up forming bullish “Hammer” candlestick pattern on the daily chart, which indicates the possible bullish reversal for the short term.
"Sustainable level above 25800 could extend the pullback towards next resistances of 50 and 20 DEMA, placed near 25900 and 26000 respectively. On the lower side, today’s low of 25473 could offer support in the short term," the expert said.
Nifty RSI, OI Data
Nifty's daily RSI stands at 42.84, indicating a gradual recovery in momentum. Nifty's derivatives data indicates heavy Put writing at the 25,700 strike, along with significant Call writing at the 26,000 strike.
Hitesh Tailor, Technical Research Analyst, Choice Broking, said that this suggests a well-defined near-term trading range in Nifty. As long as the Nifty sustains above the 25,600, a selective buy-on-dips approach may be considered, with strict stop-losses placed at 25,500 to manage downside risk effectively.
"Failure to decisively reclaim higher resistance levels could keep the market in a consolidation-to-corrective phase in the near term," the expert added.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)Analyzing the market data for January 12, 2026, the Nifty 50 staged a significant V-shaped recovery after a five-session losing streak. The formation of a recovery candle (often referred to as a "Hammer" or "Pin Bar") near the 100-day EMA suggests a strong rejection of lower levels.
Technical Analysis & Support/Resistance
The index briefly dipped below 25,500 but recovered sharply to close above the 25,750 mark.
Key Support: Immediate support is now at 25,600–25,650, where the 100-day EMA resides. A deeper support level exists at 25,473 (Monday's intraday low).
Immediate Resistance: The first major hurdle is 25,800–25,870. A sustained move above 25,950 is required to confirm a short-term trend reversal.
Pivot Point: The central pivot for January 13 is approximately 25,692.
Momentum & OI Data
While the recovery is encouraging, the broader sentiment remains cautious:
RSI (Relative Strength Index): Currently hovering around 35–40, indicating the index is coming out of oversold territory but still lacks strong bullish momentum.
Put-Call Ratio (PCR): Near 0.9–1.0, reflecting a neutral to slightly cautious stance.
Open Interest (OI): * Max Call OI: Concentrated at 26,000, which will act as a psychological and technical "ceiling."
Max Put OI: Built up at 25,500–25,600, confirming that traders are betting on this range as a floor.
Nifty Prediction for January 13, 2026
The market sentiment has shifted to Neutral-to-Positive for the short term due to signs of renewed India-U.S. trade talks.
| Scenario | Market Action |
| Gap Up Opening | If Nifty opens above 25,800, expect a rally toward 25,950. Watch for profit-booking at the 26,000 level. |
| Flat Opening | Likely to consolidate between 25,700 and 25,850. Direction will depend on global cues and Q3 earnings anticipation. |
| Gap Down Opening | Buying interest is expected to emerge again near the 25,550–25,600 zone. |
Note: The market will be closed on January 15 for Maharashtra municipal elections, so expect some volatility or position squaring on Wednesday (Jan 14).
Would you like me to analyze specific stocks for tomorrow or look into the Bank Nifty setup in more detail?
No comments:
Post a Comment