Trump announces 10% tariff on eight European countries for opposing U.S. control of Greenland- Daily Market Update 19th Jan 2026

Benchmark Nifty index ended on a flat note at 25694 spot levels after adding 29 points to its previous closing values in a volatile trading session.

Mid cap index slightly outperformed the benchmark, gained 0.54%, on the other hand, small cap index traded in line with the benchmark.

Performance on the sectoral front was mix. Amongst them, Nifty IT was the top gainer, rose 3.34% followed by PSU Bank and Mid Small Financial Services index that rose over 1% each. On the other hand, Pharma, Health Care and Consumer Durables were the top losers, down over 1% each.

Gift Nifty is indicating towards a gap down open amid mounting tensions between Europe and the US. Technical chart structure is weak as long as Nifty is trading below 26000 spot levels on closing basis, supports are placed around 25300-25200 spot levels on closing basis.

Derivatives Overview & Outlook

Last Friday, Banknifty futures added around 4% of open interest as long buildup along with some short covering in Nifty futures with decrease in open interest by 1.8%. Some short buildup was seen in Midcapnifty futures that added 1.1% of open interest. On the other hand, Finnifty futures remain almost unchanged on open interest as well as price front.

Performance on the sectoral front was mix. Amongst them, Banking, Chemical and Finance stocks witnessed maximum addition of long positions. On the other hand, short buildup was seen among, Automobile, Capital Goods , Infrastructure, Pharma and Power stocks.

On the option front, call writers dominated the session with writing at multiple strikes along with some put writing across different OTM strikes. The maximum call positions are at 26000 CE followed by 25800 CE and maximum put positions are at 25500 PE followed by 25000 PE.

Institutional Trading Activity

Last Week, FIIs sold stocks worth Rs 11399 Cr in the cash segment, sold stocks futures worth Rs 712 Cr also sold index futures worth Rs 640 Cr. DIIs were net buyers in the cash segment to the tune of Rs 16173 Cr during the week.

Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels

Nifty – Resistances 25900-26020; Supports 25600-25500

Banknifty – Resistances 60500-60750; Supports 59800-59500

Finnifty – Resistances 27700-27800; Supports -27500- 27400

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