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Below the Quote on Pre-market comment for Friday January 16 by Aakash Shah, Technical Research Analyst, Choice Broking

Indian equities are positioned for a cautious and subdued start on 16th January 2026, with key indices likely to reflect the recent consolidation and technical pressures. After markets closed lower on Wednesday, the Nifty 50 ended around 25,665, extending weakness as selling persisted near the 25,700–25,800 zone. Momentum indicators remain skewed toward the downside, with bears still dominating rallies and limiting upside strength.

Nifty’s immediate resistance continues to hover near 25,800–25,900, where repeated rejections have capped advances. On the downside, 25,500–25,550 remains a key support zone; a decisive breakdown here could expose lower levels near 25,400–25,450. Technical studies suggest momentum is weak, with RSI and MACD signaling a bearish bias, though there is some support at lower bands.

Bank Nifty ended flat around 59,580, showing indecision after recent swings. 59,900–60,000 is now a crucial resistance cluster — a sustained move above this could revive short-term bullishness. On the downside, 59,300–59,400 is key support; a break below may trigger further consolidation.

Foreign Institutional Investors (FIIs) have been net sellers throughout January, extending outflows and weighing on broader market sentiment were net sellers of Rs 4,781 crore in Indian equities on January 14. Domestic Institutional Investors (DIIs) were net buyers of Rs 5,217 crore on the same day, are expected to remain supportive, offering some cushion against negative global cues.

On the volatility front, India VIX cooled further to 11.3200, indicating low volatility expectations and suggesting that markets may continue to remain range-bound with intermittent stock-specific moves, rather than sharp directional swings.

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