Nifty Outlook: 25000 Level Saved, What's Next for January 22?

• Nifty saw significant intraday volatility on Wednesday, declining from 25,141 to 24,919 before recovering to 25,300 and closing at 25,150.
• The 200-day moving average is a crucial level, but the 25,000 mark has emerged as a key support; a break below could lead to 24,587.
• Market sentiment is cautious, with even good results not preventing selling pressure; upcoming results from companies like Eternal, Dr Reddy’s, and DLF will be key.
• Experts like Rajesh Bhosale and Nagaraj Shetty suggest limited upside, with resistance at 25,300 and support around 24,900-24,800.
• Nifty Bank also showed weakness, falling 1,600 points from its high; a close above 59,800 is needed for a bullish trend.

Why It Matters: Nifty's 25,000 support is crucial, but volatility and selling pressure persist, with limited upside expected.