By theindianinvestor 
Monday, 20th Jan 2025
Time : 9:00 AM IST
insights :
1. On Friday, Nifty fell by 0.47%, closing at 23,203. The fall was mainly due to Banks and IT stocks.
2. These two sectors dragged Nifty down by 200 points.
3. However, Reliance was the savior of the markets.
4. On Friday, Wipro and Kotak Mahindra declared results, which came above expectations.
5. Wipro ADR was up by 4–5%.
6. FII’s sold more than 3,000 crores in the cash market, and they now hold 84% short positions in index futures.
7. Any good news could lead to a short-covering rally before the budget.
8. US markets ended higher due to the performance of tech stocks.
9. Asian markets are trading higher.
10. GIFT Nifty indicates a higher opening for our markets.
11. Today is Trump’s swearing-in ceremony, and US equity and bond markets are closed due to Martin Luther King Jr. day.
12. US 10-year bond yields are at 4.62%, and the dollar index is at 109.2.
13. The next focus is on HDFC Bank, which is releasing results on Wednesday.
14. India VIX is at 15.75; from here onward, markets may become highly volatile as they react to Q3 results, headlines from Trump, and budget expectations.
15. If HDFC Bank posts good results, we can expect some positive movement in Bank Nifty and Nifty.
16. Many brokerage firms have upgraded Reliance and Infosys from their current market prices.
17. Nifty’s support is around 23,200, and resistance is at 23,400.