📈 DAILY MARKET UPDATE
📅 Date – 28 Jan 2026 (Wednesday)
🇮🇳 INDIAN MARKET
✔️ Nifty Levels
• Previous Close: ~25,175
• Trend: Rangebound with slight positive bias
• Structure:
→ Above 25,150 buyers active
→ Global cues weak → upside limited
Intraday View:
• Above 25,300 → pullback buying continues
• Below 25,100 → range breakdown possible
✔️ Key Intraday Levels – Nifty
Support Zone (Buy Area):
• 25,100 – 25,050
• Breakdown → 24,900 – 24,800
Resistance / Sell Zone:
• 25,300 – 25,400
• Strong hurdle → 25,500 – 25,600
Strategy:
• Buy near support with SL
• Sell near resistance
• Avoid chasing breakouts
• Quick scalp trades only
✔️ Bank Nifty
• Trend: Bullish bias above 59,200
Support:
• 59,200 – 59,000
Resistance:
• 59,600 – 60,000
View:
• Sustains above 59,200 → move toward 60,000
• Rejection near resistance → sideways / mild weakness
✔️ FIIs & DIIs
• FIIs: Cautious / selling pressure continues
• DIIs: Supporting market on dips
Impact:
• Market remains choppy
• Big trending moves unlikely today
✔️ Sector Trend (Intraday Bias)
Better for Trading:
• Financials
• PSU Banks
• Metals
Weak / Avoid:
• Auto
• FMCG
• Energy (no crude support)
✔️ Volatility
• India VIX elevated
⚠️ Expect whipsaws
⚠️ Strict stoploss compulsory
✔️ Options Data – Nifty (Broad View)
• Call Resistance: 25,300 – 25,500
• Put Support: 25,000 – 24,800
• Expected Range: 24,900 – 25,500
👉 Market likely rangebound with slight upside bias
✔️ Stock Setups to Watch (Intraday)
• Axis Bank: Strong momentum → buy on dips
• PSU Banks: Good for range trades
• Metals: Positive bias, selective buying
• Auto Stocks: Avoid / sell on rise
🌍 GLOBAL MARKET (Only What Matters)
✔️ US Markets
• Mixed cues
• Dollar weakness helping risk assets, but sentiment fragile
✔️ GIFT Nifty
• Flat to sideways opening indication
✔️ Crude Oil
• Weak to sideways
• Negative for energy stocks
✔️ Dollar Index
• Weak
• Positive for gold & emerging markets, but FIIs still cautious
✔️ Global Volatility (VIX US)
• Elevated
• Riskoff mood not fully gone
✔️ Data to Watch Today
• US Fed policy decision & commentary
🎯 QUICK SUMMARY (Day Traders Only)
• Market Bias: Rangebound with slight positive bias
• Best Strategy: Buy near support, sell near resistance
• Trade Type: Pullback trades & scalping
• Avoid: Blind breakout trades
• Risk Level: High → small quantity + strict SL
⚠️ For educational purpose only. Not financial advice.