#NIFTY Intraday Support and Resistance Levels - 23/01/2026A flat opening is expected in Nifty 50, indicating continuation of the ongoing consolidation after the recent sharp sell-off and recovery attempts. The index is currently trading in a well-defined range, where buyers and sellers are both active near key levels, resulting in choppy price action. This kind of opening usually suggests that the market is waiting for fresh triggers and confirmation before committing to a directional move, especially after multiple volatile sessions.
From a technical standpoint, the 25250–25300 zone is acting as an important intraday support and decision-making area. If Nifty manages to sustain above 25250, it signals short-term strength and opens the door for a reversal-based long trade. In such a case, upside targets can be expected near 25350, followed by 25400 and 25450+, where previous supply zones are placed. However, traders should note that this upside is likely to face resistance near 25450, which remains a strong hurdle unless there is a clear breakout with volume.
On the downside, the 25450–25400 zone continues to behave as a strong resistance area. Any rejection or failure to sustain above this region can trigger selling pressure again. Short positions can be considered near 25450–25400 with a cautious approach, aiming for pullbacks towards 25350, 25300, and 25250. This makes the upper range a selling-on-rise zone rather than a breakout-buying zone, unless price decisively closes above resistance.
If Nifty breaks and sustains below 25200, the structure may turn weak once again. A breakdown below this level can accelerate downside momentum towards 25100, 25050, and 25000, which are important psychological and technical supports. Any sharp move into these lower levels could invite temporary bounces, but overall sentiment would remain cautious as long as the index trades below the major resistance zones.
Overall, the broader view suggests a range-bound market with mild bearish undertones, where aggressive trades should be avoided. Traders are advised to focus on level-based trades, book partial profits quickly, and keep strict stop-losses. Patience will be key, as a clear directional move is likely to emerge only after Nifty breaks out decisively from this consolidation range.
