Market Strategy: Is Yesterday's Recovery Sustainable? Anuj Singhal's Insights

• Market showed excellent recovery from oversold zone, with Nifty at 25500 and Bank Nifty at 58800 being crucial rebound levels.
• FIIs continued selling at higher levels and added short positions, posing a risk of selling pressure despite recovery.
• TCS results were subdued, while HCL Tech's were better; Reliance, HDFC Bank, and ICICI Bank results are crucial this week.
• Nifty faces resistance at 25850-26000, and Bank Nifty at 59500-59800; maintain light positions and trade both sides.
• Market holiday on January 15 for BMC elections shifts Sensex weekly expiry to Wednesday, benefiting option writers.

Why It Matters: Yesterday's market recovery is fragile; FII selling and key resistance levels suggest caution and selective trading.