Nifty, Bank Nifty Face Selling Pressure on Weekly Expiry; Key Levels to Watch

Business
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Moneycontrol•20-01-2026, 11:11
Nifty, Bank Nifty Face Selling Pressure on Weekly Expiry; Key Levels to Watch
- •Nifty slipped by 100 points below 25500 on weekly expiry, driven by HDFC Bank, RIL, Infosys, and Bharti Airtel.
- •Midcap and smallcap shares saw sharp selling, while INDIA VIX rose 4% above 12.
- •IT and Realty sectors experienced the biggest decline (1-2%), with Pharma, Capital Market, Defense, Oil, and Gas also down.
- •LTIMINDTREE and Oberoi Realty shares fell significantly after weak results; ABFRL slipped 8% post-block deal.
- •Cement stocks like Dalmia Bharat, Shree Cement, and JK Cement showed strength amidst the weak market.
Why It Matters: Nifty and Bank Nifty faced selling pressure on expiry; watch key resistance and support levels for trading strategies.
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