Market Analysis : January 21,2026.

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1️⃣ FII Activity
FIIs sold over ₹2,900+ crores worth of stocks in the cash market.
In the F&O segment, they have increased net index short positions and added net index put positions, indicating a bearish overall stance.

2️⃣ Global Sentiment
Global markets are on the negative side due to repeated statements from Trump and rising geopolitical uncertainty, especially related to AMREKT-related tensions, keeping risk appetite weak.

3️⃣ Market Structure
On charts, Nifty looks weak, with the overall trend remaining negative.
Near-term support is placed around 25,150, and any further breakdown may add pressure.

4️⃣ Key Levels to Watch

Nifty: Support zone – 25,025–25,050 | Resistance – 25,475

Bank Nifty: Support – 58,750 | Resistance – 59,650

5️⃣ Our View
Given elevated global volatility and a dynamic geopolitical environment, the best approach is wait-and-watch.
Avoid aggressive trades and protect capital until stability and clearer direction emerge.