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Below the Quote on Closing Market Summary 12th January 2026 from Hitesh Tailor, Research Analyst - Research at Choice Equity Broking Private Limited

Indian equity markets ended the session on January 12, 2026 on a positive note, reflecting strong buying interest at lower levels after recent consolidation. At the close, the Sensex gained 301.93 points, or 0.36 percent, to settle at 83,878.17, while the Nifty rose 106.95 points, or 0.42 percent, to close at 25,790.25.

The Nifty 50 opened on a flat note and remained under pressure during the first half of the session but staged a sharp recovery of nearly 330 points in the latter half, underscoring renewed buying interest at lower levels. The index managed to break above the key resistance at 25,750, reflecting an improvement in market sentiment. Immediate resistance is placed in the 25,950–26,000 zone, while support is seen at 25,650–25,700. The daily RSI stands at 42.84 and is trending higher, indicating a gradual recovery in momentum despite remaining below neutral levels.

The Bank Nifty also opened flat but witnessed a sharp decline of nearly 450 points, hitting an intraday low of 58,864. However, the index recovered strongly by around 676 points from the lows, highlighting robust buying interest on declines. Resistance for the index is seen at 59,800–59,900, while the 59,200–59,300 zone remains a crucial support area. The RSI at 51.40 is trending higher, supporting a buy-on-dips strategy, albeit with strict risk management.

Derivatives data indicates heavy put writing at the 25,700 strike, along with significant call writing at the 26,000 strike, suggesting a well-defined near-term trading range. As long as the Nifty sustains above the 25,600 level, a selective buy-on-dips approach may be considered, with strict stop-losses placed at 25,500 to manage downside risk effectively. India VIX edged up by 4.05 percent to 11.36, indicating a mild pickup in volatility and a degree of caution among market participants. Failure to decisively reclaim higher resistance levels could keep the market in a consolidation-to-corrective phase in the near term.

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