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• Market is expected to open on a positive note, driven by improved sentiment after the RBI's announcement on Monday that it will purchase Rs 60,000 crore worth of government securities through open market operations and conduct a $5-billion USD/rupee swap auction.

• These measures are anticipated to ease liquidity conditions and increase the likelihood of an interest rate cut at the upcoming RBI policy meeting in February.

• On the global front, US markets closed with mixed results. The Nasdaq Composite dropped 3%, amid concerns that a cheaper AI model from Chinese startup DeepSeek could make valuations of US tech companies, which have driven the recent bull market, harder to justify.

• Gift Nifty is up by 80 points.

• Results Today - Bajaj Auto, Hindustan Zinc, Hyundai Motor, Cipla, TVS Motor, CG Power, Colgate, Suzlon Energy.

NIFTY (CMP : 22829)

Nifty immediate support is at 22650 then 22500 zones while resistance at 22950 then 23050 zones. Now till it holds below 22950 zones, weakness could be seen towards 22650 then 22500 zones whereas hurdles are placed at 22950 then 23050 zones.

BANK NIFTY (CMP : 48065)

Bank Nifty support is at 47750 then 47500 zones while resistance at 48250 then 48500 zones. Now till it holds below 48250 zones weakness could be seen towards 47750 then 47500 levels while on the upside hurdle is seen at 48250 then 48500 zones

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