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Published on 21-01-2026 11:22 am

GEPL DATA POINTS: As highlighted in our earlier update, the NIFTY successfully respected its important support at the 24910 level, made a low at 24919 and bounced back. Additionally, the Put–Call Ratio (PCR) is currently showing oversold at 0.57 which supported a technical rebound. Immediate support is placed near 25,000, while 25,200 remains a critical hurdle for any meaningful upside traction. Strategy: CONTRA TREND BUY NIFTY 25200 CE 27JAN2026 @ 114 TGT1 165 TGT2 190 SL 70

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Published on 21-01-2026 11:07 am

Comments:

Nifty weekly contract has the highest open interest at 26000 CE and 25500 PE while monthly contracts have the highest open interest at 26000 CE and 25000 PE. The highest Ol addition was seen at 26000 CE and 25500 PE in weekly and at 25500 CE and 25000 PE in monthly contracts. Flls increased their future index long holdings by 0.23%, increased future index shorts by 3.95% and in index options, 35.12% decrease in Call longs, 18.99% decrease in Call short, 29.72% decrease in Put longs and 30.97% decrease in Put shorts.
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Published on 21-01-2026 11:05 am

Nifty Outlook

Favoured view expects extension of downtrend aiming 24715- 650-580. That said, standard deviation studies allow intermittent upswing attempts aiming 25300/380, with the 200 day SMA in close vicinity. However, they are less likely to sustain unless above 25470.

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Published on 21-01-2026 10:53 am

Nifty opened with a downward gap and selling pressure throughout the session dragged it lower to end near lowest point of theday. Niftyclosed at 25233 with a loss of 353 points. On the daily chart the index has formed a long Bearish candle forming lower High-Lowcomparetoprevious session indicating negative bias. The chart pattern suggests that if Nifty breaks and sustains below 25170 level it wouldwitnesssellingwhich would lead the index towards 25100-25000 levels. However, if index crosses above 25260 level it would witness pullbackrallywhichwould take the index towards 25350-25420

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Published on 21-01-2026 10:51 am

BANK NIFTY FUT TECHNICAL OUTLOOK

* Bank Nifty is expected to open on a flattish note and likely to witness range bound move during the day.

* Bank Nifty’s next immediate resistance is around 59700 levels on the upside and on a decisive close above expect a rise to 59900-60100.

* There is an immediate support at 59240-59000 levels.

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