Market Consolidates Ahead of Long Weekend; Nifty, Bank Nifty Strategies Revealed
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Moneycontrol•23-01-2026, 10:54
Market Consolidates Ahead of Long Weekend; Nifty, Bank Nifty Strategies Revealed
- •Indian markets show consolidation ahead of a long weekend, with Nifty below 25300 and Bank Nifty in a narrow range.
- •Metal stocks, including Hind Zinc and Hindustan Copper, are shining, while IT and Capital Market stocks also see buying interest.
- •Indigo falls 2.5% after a 77% profit decrease in Q3, becoming Nifty's top loser; Bandhan Bank surges 5% post-results.
- •Silver ETFs (SBI, Nippon, HDFC, Tata) bounce back 8-10% due to silver's record surge, reaching nearly 3.36 lakh rupees on MCX.
- •Experts provide Nifty and Bank Nifty strategies, advising to buy on dips and exit near resistance levels, with key breakout points identified.
Why It Matters: Markets consolidate before the long weekend; metal stocks shine, while Nifty and Bank Nifty strategies are crucial.
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