Considering these factors, I do not believe that the Indian market will fall significantly. Instead, it is likely to hover around current levels for some time due to global market volatility. This volatility and consolidation at elevated levels are actually beneficial for the market’s long-term health.
Tech view: Lack of strength limits Nifty’s breakout potential, key support at 23,150. How to trade on Friday
Nifty’s short-term trend remains positive, but lacks strength for significant breakouts. Key resistance levels are at 23,400-23,450, while immediate support is at 23,150. Analysts suggest
January 16, 2025