NIFTY 50 Friday, January 16, 2026 Market Analysis & ProjectionsNifty 50 IndexNSE:NIFTYajayekka002Date: Friday, January 16, 2026 Time: 11:00 AM IST Market Status: BULLISH (Recovering from mid-week consolidation) 1. Market Snapshot (Live Update)Following the market holiday on Thursday (Maharashtra Elections), Indian indices have opened with a strong gap-up, tracking positive global cues and a resurgence in the IT sector. The Nifty 50 has successfully reclaimed the 25,800 mark, bouncing off the critical 100-DEMA support tested earlier this week. IndexCurrent Level (Approx.)ChangeTrend Nifty 5025,837+0.67%Bullish Reversal Bank Nifty59,650+0.12%Neutral / Consolidating Sensex83,900++0.60%Bullish India VIX13.40-2.5%Cooling Off 2. Key Drivers Today Global Cues (Positive): US markets snapped a losing streak, with the Dow Jones up ~292 points. The tech rally is driven by strong guidance from Taiwan Semiconductor (TSMC), boosting sentiment for AI and chip stocks globally. Sector Rotation (IT Leadership): The Nifty IT index is the star performer today (+2.0% to +2.5%), led by Infosys (+4.5%) and Wipro ahead of its Q3 earnings. This follows Infosys ADRs surging ~7% in the US. Q3 Earnings Focus: Major earnings scheduled for today include Reliance Industries (RIL), Wipro, and Tech Mahindra. Volatility in these counters will dictate the second half of the session. Election Holiday Impact: The market was closed yesterday (Jan 15), so today's price action prices in two days of global moves. 3. Technical Analysis & Levels Nifty 50 Analysis Structure: The index formed a base near 25,600 (coinciding with the 100-Day Exponential Moving Average) on Wednesday. Today's gap-up confirms a temporary bottom. A sustained trade above 25,850 could trigger short covering. Support: 25,660 (Gap Fill), 25,600 (Key Structural Support). Resistance: 25,865 (Intraday High Zone), 26,000 (Psychological Barrier/Call Writer Zone). RSI: Rebounding from 40 levels, indicating momentum is shifting back to buyers. Bank Nifty Analysis Structure: Bank Nifty continues to underperform slightly compared to Nifty 50, trading in a consolidation zone. It needs to cross 59,800-60,000 decisively to match the broader market's bullishness. Support: 59,300, 59,180. Resistance: 59,980, 60,200. 4. Sectoral Spotlight Bullish: IT: Infosys, Wipro, TCS, Tech Mahindra. (Buying on dips is the strategy here). Metals: Tata Steel, Hindalco (continuing Wednesday's momentum). Bearish/Weak: FMCG: Asian Paints and HUL continuing to see profit booking or muted interest. Select Private Banks: Kotak Bank showing mild weakness. 5. Trading Projections & Strategy Intraday View: The market texture has shifted from "Sell on Rise" to "Buy on Dips" for the day, provided Nifty holds above 25,750. Scenario A (Bullish Continuation): If Nifty sustains above 25,850 after 12:30 PM, expect a rally toward 25,950 fueled by short covering in 25,800 Call options. Scenario B (Consolidation): If RIL results anticipation causes nervousness, Nifty may consolidate between 25,750 and 25,850. Bank Nifty Strategy: Avoid aggressive longs until 60,000 is breached. The index is currently range-bound (59,300–59,800). FII/DII Data (Provisional from Jan 14): FIIs: Net Sellers (-₹4,781 Cr) – selling intensity remains a concern. DIIs: Net Buyers (+₹5,217 Cr) – providing strong floor support.