Nifty Plunges, Breaks Key Supports: What's Next for January 21?

• Nifty 50 experienced a significant decline, closing at 25,232, its lowest since October 14, 2025, and the biggest single-day fall since May 13, 2025.
• Market capitalization of BSE-listed companies decreased by over 20 lakh crore rupees in 2026, indicating a major loss for investors.
• All sectoral indices closed in the red, with Realty, Consumer Durables, and Auto sectors being the worst performers; Midcap and Smallcap indices also saw sharper declines.
• The Indian Rupee weakened by 6 paise against the dollar, closing at 90.97, despite RBI intervention, due to weak dollar inflows and trade tensions.
• Experts Nandish Shah and Rupak De confirm a bearish trend, with Nifty potentially sliding to 24,800-24,900 if it breaks below the 200-day moving average.

Why It Matters: Nifty's significant fall and broken support levels indicate a strong bearish trend, with further declines possible.