Nifty Trading Plan for January 16
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Moneycontrol15-01-2026, 23:40

Nifty 50, Bank Nifty: Key Levels to Watch for Breakout or Correction

  • Nifty 50 traded in a tight 300-point range, needing to break 25,600 for downside or 25,900 for upside.
  • Bank Nifty shows resilience, outperforming Nifty and holding above key moving averages; 60,000-60,100 is critical resistance.
  • Experts Sudeep Shah, Nilesh Jain, and Rupak De provide Nifty and Bank Nifty strategies with specific support/resistance levels.
  • Nifty formed an NR4 pattern, indicating potential breakout, while momentum indicators suggest indecision.
  • Bank Nifty's outperformance is highlighted by its ratio chart reaching a 609-day high against Nifty.

Why It Matters: Nifty and Bank Nifty are at critical junctures, with experts outlining key levels for potential breakouts or corrections.

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