Daily Stock Market Report: January 25
The market's decline today didn't quite reach the recent swing lows; rather, the index is exhibiting a sideways trend.
Nifty 50 opened flat with a negligible gap-down of 0.65 points (0.00%). The index rapidly dipped below the 21400 level, establishing a downtrend throughout the first half of the session.
Following this downward movement, it remained confined within a specific range for an extended period. However, in the final minutes, the index staged a notable rally, nearly recovering to its initial opening price.
As the trading day wrapped up, Nifty 50 concluded at 21352.60, with a loss of 101.35 pts or -0.47%.
Key Observations
- Nifty 50 failed to stay above 21400 and turned bearish for the day. Discussed in yesterday’s report in detail.
- The market's decline today didn't quite reach the recent swing lows; rather, the index is exhibiting a sideways trend.
- Looking ahead to the upcoming session, our outlook leans towards a mild bearish to sideways stance.
Spot Signals
Below is the Top Mover from our Live Market Feed:
- RAITEL (+2.82%)
Like getting updates? Never miss a beat by getting instant updates on your holdings by syncing your portfolio with Investmint.
Quant Signals
Under the most popular configuration:
- ‘Quick Short’ recorded a profit of +3.08% for the day.
- ‘Back Up’ closed with a return of -1.00%.
Pick your one-tap wealth-building strategy today. Discover models that beat the index.
Broker Signals
Here is the today's top position that closed and met its target:
- KIMS (+11.2% in 2 months)
More signals recommended by brokers are currently live. Check them out below.
Coming back to the report…
Data Points
The highest CE OI is 21500, and the PE is at 21000 levels. This suggests that the markets are expected to revolve around these levels in the upcoming session.
Levels Worth Monitoring Tomorrow
21200 held despite the fall, and currently, the index is finding support between 21250-21200.
As long as the index stays below 21500, our outlook will lean towards a mildly bearish to sideways stance.
Disclaimer: The opinions expressed in this blog are personal views and should not be considered financial advice. Please do your own research and consult with a professional before you make any investment decisions.
