Market Analysis : January 21,2026.

1️⃣ FII Activity FIIs sold over ₹2,900+ crores worth of stocks in the cash market. In the F&O segment, they have increased net index short positions and added net index put positions, indicating a bearish overall stance. 2️⃣ Global Sentiment Global markets are on the negative side due to repeated statements from Trump and rising geopolitical uncertainty, especially related to AMREKT-related tensions, keeping risk appetite weak. 3️⃣ Market Structure On charts, Nifty looks weak, with the overall trend remaining negative. Near-term support is placed around 25,150, and any further breakdown may add pressure. 4️⃣ Key Levels to Watch Nifty: Support zone – 25,025–25,050 | Resistance – 25,475 Bank Nifty: Support – 58,750 | Resistance – 59,650 5️⃣ Our View Given elevated global volatility and a dynamic geopolitical environment, the best approach is wait-and-watch. Avoid aggressive trades and protect capital until stability and clearer direction emerge.