By theindianinvestor 
Market Insights
Wednesday, 22nd Jan 2025
Time : 7:45 AM IST
insights :
1. Nifty fell by 320 points and closed at 23,024.
2. Yesterday, at some point, markets were down by 200 points, then recovered 250 points from the low, fell by 200 points again, moved higher by 100 points, and finally fell by another 200 points, closing at 23,024.
3. There was huge volatility; at some point, India VIX was up nearly 7%, finally closing above 17.
4. When markets tried to recover, the buying was concentrated only in index heavyweights.
5. Our markets fell more than other Asian markets yesterday.
6. If markets try to reach a high point during the day, FIIs are selling, causing markets to fall.
7. FIIs sold Rs. 5,900 crores in the cash market yesterday and added both longs and shorts in index futures; their shorts stand at 83%.
8. Today, HDFC Bank and HUL results are expected.
9. If HDFC Bank results are good, this might change market sentiment positively for the short term, but there are many important events in the coming two weeks which impact our markets.
10. Markets remain highly volatile.
11. US markets ended higher.
12. Asian markets are trading higher.
13. Gift Nifty is indicating a positive start.
14. Dollar index and US 10-year bond yields have cooled off from recent highs, trading at 108 and 4.58, respectively, which is positive.
15. Yesterday, Nifty broke important support at 23,160, which will now act as resistance. Support can be expected at 22,800.