Share Market today Analysis by Kotak SecuritiesÂ
by Shrikant Chouhan, Head, Equity Research Kotak Securities
đź•— Last Update: 22 January 2026, 8.00 PM
Analysis for 23 January 2026
Benchmark indices witnessed a volatile trading session. After volatile activity, the Nifty closed 132 points higher, while the Sensex gained 398 points. Sectorally, the Defence, and PSU Bank indices gained by more than 2%, while some Real Estate and Metal stocks witnessed selling pressure.
Technically, the market has formed back to back indecisive pattern, and that may keep the market volatile within the broader trading range of 25500 and 25000.Â
We believe that, given the intraday market volatility, traders need to be careful while trading at resistance and support levels. On the downside, 25,150/81900 and could act as key support zones, while 25,500/82900 and 25,600/83200 could act as key resistance levels for bulls. Below 25150/81900, Nifty could move towards 25000/81500. Reduce weak long positions between 25500-25600.
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