Nifty Recovers Strongly: What to Expect on January 23? Expert Analysis

• Nifty saw a strong recovery on Thursday, closing 132 points higher at 25,289 after three sessions of decline.
• The index found strong support at the 200 DEMA (25,164), leading to a sharp 164-point recovery in the final hour.
• Dr Reddy's Laboratories, Bharat Electronics, and Adani Enterprises supported Nifty, while Eicher Motors, SBI Life, and Titan faced selling pressure.
• All sectors except Consumer Durables and Realty closed in green; Media, PSU Bank, and Pharma led the gains.
• Experts suggest Nifty's immediate trend remains weak; a sustained break above 25,500 is crucial for a near-term bottom.

Why It Matters: Nifty showed strong recovery from key support, but experts advise caution with potential volatility ahead.