Reality index lost the most, shedding over 5 percent.
Shrikant Chouhan,
Head Equity Research,
Kotak Securities
Mumbai, 20 January 2026: Today, the benchmark indices corrected sharply. The Nifty ended 353 points lower, while the Sensex was down by 1066 points. Among sectors, all the major sectoral indices traded in the red, but the Reality index lost the most, shedding over 5 percent. Technically, after a weak open, the market breached the crucial support of 25,500/83000, and post-breakdown, selling pressure intensified. A long bearish candle on the daily charts and a lower top formation on intraday charts indicate further weakness from the current levels.
We are of the view that, although the intraday market texture is weak, it is oversold; hence, one quick pullback rally from the lower levels cannot be ruled out. For traders, as long as the market is trading below 25,300/82300, a weak sentiment is likely to continue. On the lower side, the market could slip to 25,100-25,000/82000-81700. On the flip side, above 25,300/82300, a pullback move could take the market to 25,400-25,435/82500-82800.
