“In the last week, the benchmark indices corrected sharply. The Nifty ended 2.44 percent lower, while the Sensex was down by 2030 points.
Amol Athawale,
VP – Technical Research
Mumbai, 25 January 2026: “In the last week, the benchmark indices corrected sharply. The Nifty ended 2.44 percent lower, while the Sensex was down by 2030 points. Among sectors, all the indices are in the negative territory. Realty lost 11.25%, Nifty Consumer durables index fell 6.50, and Capital market index sheded 6 percent.
During the week, the market slipped below the 200-day SMA (Simple Moving Average), and post-breakdown selling pressure intensified. Technically, on weekly charts, it has formed a long bearish candle and is comfortably trading below short-term averages, which is largely negative.
We are of the view that as long as the market trades below the 100-day SMA or 25500/83000, the weak formation is likely to continue. On the downside, 24900/81100 would act as an immediate support zone. Below this level, selling pressure is likely to accelerate. Further below, the market could slip to 24700,–24,500/80500-80000. On the upside, above 25,200/82000, we could see a quick pullback up to 25,350–25,500/82500-83000.
