Know whether Nifty Bank will fall again or start rising on 22 January 2026. (symbolic photo)
highlights
- Today Nifty Bank closed with heavy fall
- Know the support level of Nifty for January 22
- Know the resistance level of Nifty for January 22
But first know how was the stock market today
Today Nifty fell 75 points or 0.30 percent and closed at 25,157.50. The 30-share Sensex fell 270.84 points or 0.33 percent to close at 81,909.63.
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These are the important levels of Nifty Bank for 22 January
Nifty Bank has broken its supports today. However, the previous support was around 59500 points. The breakdown below that is given, which will now act as a resistance and as long as Nifty Bank trades below it, we may see selling pressure here too. Today’s swing low is 59278, if it breaks in tomorrow’s session then Bank Nifty can again retest the 100 DMA level, which is around 57600 points.
Know what levels the market experts told about Nifty 50
According to Laxmikant Shukla, Technical Research Analyst, Yes Securities, the only positive sign for today is that Nifty has defended its 200 DMA and now the support is at 25100 points, although there is an intermediate support, where we can see 200 DMA levels. In such a situation, if there is a fall below 25100 in tomorrow’s session and this fall is sustained, then the next support is 24800 points. However, if we look at tomorrow’s first hour sessions and if 25100 levels are defended there, then we may again see a short term rebound from 25300 points to 25350 points, which is the levels of 25100 points. In such a situation, it can act as an inflection point for Nifty. In such a situation, we will have to keep an eye on this in tomorrow’s session, if it slips below 25100 then the level will be 24800 and if Nifty sustains above the level of 25100 then the level of 25300 can act as resistance to the upside.
Top 5 gainer shares of Nifty today
Shares of Eternal today closed at Rs 283.50 with a rise of Rs 13.90.
Shares of UltraTech Cement today closed at Rs 12,231 with a rise of Rs 172.
Shares of InterGlobe Aviation today closed at Rs 4,857.50 with a rise of Rs 67.50.
Shares of JSW Steel today closed at Rs 1,174.60 with a rise of Rs 14.60.
Hindalco shares today closed at Rs 939.20 with a rise of Rs 11.10.
Top 5 loser shares of Nifty today
ICICI Bank shares today closed at Rs 1,349 with a fall of Rs 26.80.
Shares of Trent today closed at Rs 3,764.40 with a fall of Rs 71.70.
Shares of Tata Consumer Products today closed at Rs 1,163.60 with a fall of Rs 21.40.
Shares of Bharat Electronics today closed at Rs 402.65 with a fall of Rs 6.70.
Shares of Apollo Hospital today closed at Rs 6,826.50 with a fall of Rs 86.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice in any way. ET NOW Swadesh recommends its readers and viewers to consult their financial advisors before taking any money-related decisions.
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