Nifty Outlook: Key Levels for January 16 Trading Amid Trade Deal Uncertainty

• Nifty 50 showed weakness for the second consecutive day, closing down 66 points at 25,665, remaining within a consolidation range.
• Top gainers included Tata Steel, NTPC, and Axis Bank, while Asian Paints, TCS, and Tata Consumer were among the top losers.
• Sector-wise, Metals, PSU Banks, and Oil & Gas showed strength, contrasting with weakness in Realty, IT, and Auto sectors.
• Broader markets (Nifty Midcap 100 and Smallcap 100) performed better, registering gains despite frontline index weakness.
• Investor caution stemmed from US Supreme Court tariff validity uncertainty, though India-US trade deal's first phase is nearing completion.

Why It Matters: Nifty remains in a consolidation phase, with key levels to watch on January 16 amid trade deal developments.