Home » Stock Market Prediction for Nifty & Bank Nifty 23rd January 2026

Stock Market Prediction for Nifty & Bank Nifty 23rd January 2026

In today’s stock market, stock market ended its losing streak, with the Sensex rising 398 points and the Nifty close to 25,300.

Stock Market Nifty Chart Prediction

On Jan 22, Sensex was up 397.74 points at 82,307.37, and the Nifty rose 132.40 points to 25,289.90. About 2,803 shares advanced, 1,235 shares declined, and 146 shares were unchanged.

Top Nifty gainers: Dr Reddy’s Labs, Bharat Electronics, Adani Ports, Adani Enterprises, Tata Steel
Top Nifty Losers : SBI Life Insurance, Eternal, Eicher Motors, Titan Company, Max Healthcare.

On the sectoral front, except realty, consumer durables, all other indices ended in the green with FMCG, power, metal, media, PSU Bank, pharma gained 1-2%.

BSE midcap and smallcap indices added more than 1% each.

Best Stocks of the day according to AI (Delta Dash)

Worst Stocks of the day according to AI (Delta Dash)

Stock Prediction for 23rd January 2026

Prediction for Thursday NIFTY can go up if it goes above 25,400 or down after the level of 25,200, but it also depends upon the Global cues.

After recent sharp swings near the 25,000 level, Nifty recovered well on Thursday and closed 132 points higher despite continued volatility. The index opened with a strong gap-up of 187 points and moved higher early in the session. Some profit booking near 25,400 dragged prices down mid-session, but the market recovered by the close.

A small red candle with shadows on both sides formed on the daily chart, showing high volatility. Similar candle patterns over the last two sessions suggest ongoing market uncertainty. Nifty has moved back above its important 200-day moving average and closed above it for the second day in a row. However, overall sentiment remains weak, as India VIX stayed high at 13.35. Resistance is seen between 25,400 and 26,300, while support lies in the 25,200–24,700 range.

Highest Call Writing at
25,400 (1.4 Cr)
Highest Put Writing at
25,200 (1.0 Cr)

Nifty Support and Resistance

Support 25,200–24,700
Resistance
25,400 and 26,300

Bank Nifty Daily Chart Prediction

Prediction For Thursday BANKNIFTY can go up if it goes above 59,200 or down after the level of 59,000, but it also depends upon the Global cues.

BANKNIFTY (59,200): Banknifty remains in a negative trend. Traders holding short positions should continue with a daily closing stop-loss at 59,461. Fresh long positions may be considered only if Banknifty closes above 59,461. On the upside, resistance is placed in the 59,200–59,600 range, while immediate support is seen between 59,000 and 58,600.

Highest Call Writing at59,200 (21.0 Lk)
Highest Put Writing at59,000 (10.6 Lk)

Bank Nifty Support and Resistance

Support59,000 and 58,600
Resistance
59,200–59,600

Voice Of Traders by Spider Software

HDFC Securities’ SECRET Stock Picking Formula! (STRATEGY REVEALED)

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