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January 20, 2022

The BSE sensex closed the shop at 59,464DOWN by 634 points and the Nifty close the day at 17,757 byLoosing 181 points.

On the Upside:-Powergrid, BhartiAirtel, Grasim, JSW steel
On the downside-Bajajfinsv, Bajaj-Auto, Divislab, Infy

Tech View:- Morning Session, We have seen Market have started on Negative note due to weak global sentiments, Straight third day we have witnessed drop in the market.Today’s early session, The BSE Sensex was 142 points lower at 59,956, while the NSE Nifty was at 17,902, lower by 35 points. BSE made a loss of 634 points to end at 59,464 levels.The Nifty50 dropped 181 points to settle at 17,757. Both the benchmarks fell 1 per cent today.

Indian Vix:- was Down around 0.2% closed 17.79.

Sectoral,The BSE MidCap index slipped just 0.07 per cent while the BSE SmallCap rose 0.05 per cent. only the nifty Metal index (up 0.5 per cent) and Realty index (up 0.2 per cent) ended in the green. The Nifty IT and Pharma indices, on the other hand, sectors, down 1.6 per cent each.

Nifty have formed a strong Bearish candleon daily chart, The Nifty is trading near critical support of 17,650 which was the previous breakout level while 17,500 is another important support level. On the upside, 18,000-18,200 is an immediate resistance area. Above this, we can expect a move towards an all-time high.
Banknifty:- have formed Bearish candle , Candle shows recovery from the bottom We can expect the positive movement in Bank nifty.37750 will be acting as a major support.

European & USA markets: @ IST 5:15 European markets were trading at Negativenote. Where the Germany’s DAX tradingPositiveby 0.10%, Other hand France’s CAC40 indexrunningNegativeby 0.13% where, England’s FTSE100 indexNegativeby 0.10%.
Where; wall street @ IST 05:15The DOW future contract trading Positive136points, S&P 500 Future trading Positive24points, Where; Nasdaq100 future Positive133points.

Global News Analysis:

CHINA- China lowered mortgage lending benchmark rates on Thursday as monetary authorities step up efforts to prop up the slowing economy, after data earlier in the week pointed to a darkening outlook for the country’s troubled property sector
USA:-The transition to clean energy required to prevent temperatures from rising swiftly could shave 2% off global GDP by 2050 but is likely recoverable before the end of the century, a report by natural resources consultancy Wood Mackenzie said on Thursday.
LONDON:-Oil slipped on Thursday as investors took profits after a recent price rally, but strong demand and short-term supply disruptions continue to support prices close to their highest since 2014.