Quote on Post market comment for Monday January 19 by Hitesh Tailor, Research Analyst, Choice Broking
Below the Quote on Post market comment for Monday January 19 by Hitesh Tailor, Research Analyst, Choice Broking
Indian equity markets ended the session on January 19, 2026 on a negative note after a volatile, rollercoaster session marked by sharp intraday swings, reflecting cautious sentiment amid the absence of decisive triggers. At the close, the Sensex declined 324.17 points, or 0.39 percent, to settle at 83,246.18, while the Nifty fell 108.85 points, or 0.42 percent, to close at 25,585.50. Market breadth remained weak, with 1,122 shares advancing, 2,795 shares declining, and 169 shares ending unchanged.
The Nifty 50 opened on a negative note and faced sustained selling pressure during the first half of the session. Although the index attempted a recovery in the latter half, it failed to sustain higher levels and closed near the day’s lower range, reflecting weak intraday sentiment and selling pressure at higher zones. The index briefly crossed the 25,600 mark but lacked follow-through buying. Immediate resistance is placed in the 25,700–25,750 zone, while key support lies at 25,400–25,450. The daily RSI slipped further to 37.34, indicating weakening momentum and confirming the continuation of a corrective phase.
The Bank Nifty also opened weak and declined during the first half of the session. However, it staged a recovery in the second half to close at 59,891.35, highlighting buying interest at lower levels. This price action suggests that intraday selling pressure is being absorbed by buyers, helping the broader trend remain constructive. Immediate resistance is seen in the 60,100–60,200 zone, while supports at 59,500 and 59,600 remain crucial for maintaining near-term stability in banking stocks.
Volatility remained relatively controlled, with India VIX rising by 4.00 percent to 11.82, indicating a modest pickup in volatility without signs of panic. Derivatives data shows heavy call writing at the 25,600 strike and significant put writing at the 25,500 strike, establishing this zone as a key near-term pivot. As long as the Nifty sustains above 25,500 on a closing basis, a selective buy-on-dips strategy may be considered, with a strict stop-loss placed at 25,150 to manage downside risk effectively.
Above views are of the author and not of the website kindly read disclaimer
