2026-01-23 09:56:31 am | Source: Religare Broking Ltd
Daily Derivatives Report 23rd January 2026 by Religare Broking Ltd
Market Outlook
With a gap-up opening, the Nifty inched higher towards the 25,400– 25,450 zones during the initial hours. However, it failed to sustain at higher levels as profit taking emerged, which dragged the index down to an intraday low of 25,168 before settling the day at 25289. On the daily chart, the index trades near its 200-DEMA, marking this level as a crucial make-or-break area for now. Any decisive break down below this level could further weaken market sentiment. On the upside, the 25,500 level continued to act as a strong overhead resistance, reinforcing a “sell on rise” approach.
Please refer disclaimer at https://www.religareonline.com/disclaimer
SEBI Registration number is INZ000174330
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or
investment advice. Investments in financial markets are subject to market risks, and past performance is
not indicative of future results. Readers are strongly advised to consult a licensed financial expert or
advisor for tailored advice before making any investment decisions. The data and information presented
in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the
content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
How realme is rethinking power for everyday smartpho...
Kasturi Metal Composite coming with IPO to raise Rs ...
United Drilling Tools gains on bagging export order ...
Carraro India rises on inaugurating first Authorised...
Tata Consultancy Services gains on the BSE
Daily Report Spices Complex 23 Jan 2026 by Swastika ...
Pre-Budget Expectations for Union Budget 2026?27: Cr...
FY27 likely to be a year of fiscal restraint after t...
.jpeg)
Union Budget 2026 Quote on NBFC Gold Loan Sector by ...
Daily forex turnover hits record high in 2025: BOK
