📈 Market Outlook – 16 January 2026

Pre-Market Technical, Derivatives & Global Cues Indian equity markets are expected to open on a positive note today, supported by encouraging global cues, strong quarterly earnings from select sectors, easing crude oil prices, and optimism around global trade developments. However, volatility may persist at higher levels due to mixed derivative signals and ongoing institutional activity. 🔍 Index Technical View Nifty 50 The index witnessed a volatile session, opening weak but recovering during the first half. Selling pressure emerged near higher levels, resulting in a late-session decline. On the daily chart, Nifty formed a small-bodied candle with a longer upper shadow, reflecting hesitation and lack of follow-through buying at elevated levels. Key Levels: Support: 25,600 → 25,500 → 25,400 Resistance: 25,800 → 26,000 If Nifty sustains above the 25,600 zone, a short-term bounce towards 25,800–26,000 cannot be ruled out. Failure to hold may invite further consolidation. Sensex The benchmark index traded within a wide intraday range, highlighting a tug of war between bulls and bears. The formation of a small-bodied candle with a longer upper wick indicates selling pressure at higher levels. Key Levels: Support: 83,000 → 82,800 Resistance: 83,700 → 84,000 The index needs a decisive breakout above resistance zones to regain bullish momentum. Bank Nifty Bank Nifty opened with a gap-down but showed recovery and buying interest at lower levels. Despite a strong bounce, it failed to sustain higher levels and closed near flat. The index continues to form higher highs and higher lows on the lower time frame, indicating accumulation near supports. Key Levels: Support: 59,250 → 59,000 Resistance: 59,750 → 60,000 → 60,250 A sustained move above 59,750 is required for further upside. 🧮 Derivatives & Institutional Activity Nifty Put-Call Ratio: Declined, indicating cautious sentiment Option Data: Call resistance seen near 25,800–26,000 Put support placed near 25,600–25,700 Trading Range: Broad: 25,300 – 26,100 Immediate: 25,500 – 25,900 Institutional Flow: Foreign investors continued selling in the cash market Domestic institutions remained net buyers Heavy short positions in index futures may lead to intermittent short-covering rallies 🌍 Global Market Cues US equity markets closed marginally higher, led by technology and banking stocks Asian markets opened mixed after strong semiconductor earnings Crude oil prices dropped sharply amid easing geopolitical tensions Precious metals witnessed profit booking after recent rallies Overall global sentiment remains supportive but selective. 🏭 Sector-Wise Outlook Positive Bias: PSU Banking Information Technology Metals Infrastructure Energy & Power Defence Capital Markets Cautious / Weak Bias: Select Pharmaceuticals Consumer Durables Realty Aviation New-age Technology Platforms Markets are expected to remain sector-specific, with stock selection playing a key role. 📊 Market Summary Mid-cap and small-cap segments continue to show relative strength PSU banks and metal stocks remain leadership sectors Profit booking visible in select heavyweight stocks Volatility remains low, indicating range-bound conditions with sudden spurts Any short-term correction may offer selective buying opportunities in fundamentally strong sectors. ⚠️ Disclaimer This blog is for educational and informational purposes only. We are not SEBI registered investment advisors or research analysts. The views expressed are based on publicly available market data and technical interpretation. Readers are advised to consult their financial advisor before making any investment or trading decisions. Investments in securities markets are subject to market risks. Past performance does not guarantee future results.