Nifty 50 seems to be struggling to get a strong follow-through buying. The strong rise seen in the early trades on Thursday failed to sustain. The index has come down today as well after opening with a gap-up at 25,344. It is currently trading flat at 25,294. We will have to wait and see how the market closes for the week today.
Nifty 50 Outlook
Intraday supports are at 25,230 and 25,160. Nifty has to sustain above 25,230 itself in order to keep the chances alive of seeing a rise back. In that case, a rise to 25,450-25,480 is possible in the coming sessions.
Nifty will come under more selling pressure if it breaks the second support level of 25,160. Such a break can drag it down to 25,000-24,950 again. We will have to stay out of the market and watch the price action.
Nifty 50 Futures
The Nifty 50 January Futures (25,334) is down 0.1 per cent. Supports are at 25,285 and 25,220. A bounce from either of these supports can keep the sentiment positive. That in turn will keep the doors open for the contract to see 25,500 and even 25,600-25,700 levels in the coming days.
If the contract breaks below 25,220, a fall to 25,160 or 25,120 can be seen.
Trade Strategy
Traders can stay out of the market for now. See how the market closes for the week today. Trades can be taken accordingly next week.
Supports: 25,285, 25,220
Resistances: 25,500, 25,600
Published on January 23, 2026
