Buy or Sell Today? Key Levels, Strategy & Market View – MarkShala
Nifty 50 Futures continue to remain under pressure as weak technical structure and global uncertainty dominate market sentiment. After a sharp sell-off followed by an unstable recovery, traders are once again facing a highly volatile environment. In this MarkShala intraday outlook for Thursday, 22 January 2026, we analyze price action, key technical levels, the role of the 200-day moving average, and actionable intraday trading strategies with defined risk management.
Market Recap and Technical Structure
The previous trading session once again demonstrated the importance of level-based trading. The zone around 25,220, which had been identified as a critical support, played a decisive role. In the early phase of the session, Nifty Futures attempted to break this level but failed on the first attempt, suggesting temporary buying interest and hesitation among sellers.
However, as the session progressed, the second attempt near the 10 AM mark led to a decisive breakdown below 25,220. This breakdown triggered a clean short trade, and selling pressure intensified rapidly. From this level, Nifty Futures declined by nearly 256 points, confirming the technical setup and highlighting the effectiveness of waiting for confirmation rather than reacting to the opening volatility.
From a broader perspective, the 200-day exponential moving average remained a key reference point throughout the session. Initially, the market tried to hold above this long-term average, but persistent selling pressure eventually led to a decisive intraday breach. Once the 200-DEMA failed to provide support, downside momentum accelerated and pushed the market into oversold territory.
Intraday Recovery and Market Behavior
The oversold condition resulted in a recovery attempt during the latter half of the session. Nifty Spot managed to rebound from the 24,900 zone and moved close to the 25,300 level. However, this recovery lacked strength and sustainability. There was no clear evidence of fresh buying, and the move appeared largely driven by short covering.
As external factors resurfaced, the market once again lost momentum and drifted lower, eventually closing near its opening zone and close to the 200-DEMA. This price behavior indicates indecision and highlights the fragile nature of the current market structure.
Global and Domestic Market Cues
Global equity markets remain under pressure amid rising geopolitical uncertainty and renewed trade-related tensions. Recent statements from U.S. leadership on trade and foreign policy have increased volatility across global markets, while ongoing friction between the U.S. and European nations continues to keep risk appetite subdued. Investors are also closely monitoring developments and key discussions at the World Economic Forum, which could influence short-term market narratives.
On the domestic front, Indian markets are factoring in a steady flow of macroeconomic developments, including growth-focused policy measures, MSME support initiatives, and early expectations around the upcoming Union Budget. Although there is no single dominant headline, the combined impact of these factors is encouraging cautious positioning among market participants.
Nifty 50 Futures Intraday Trading Strategy for 22 January 2026
Given the current technical setup and global backdrop, the broader intraday bias remains tilted towards the bearish side unless the market manages to reclaim key resistance levels with conviction.
If Nifty Futures trades decisively below the 25,120 level, it may invite fresh selling pressure. A sustained move below this zone can be used to initiate short positions with a stop loss of approximately 50 points. In such a scenario, traders can look for a minimum downside move of around 100 points. Immediate support is expected near the 24,950 level, while a stronger and more significant support zone lies lower around 24,600.
At the same time, the oversold condition leaves room for a short-term recovery trade. If Nifty Futures sustains above 25,234 or opens with a gap-up and holds above this level, a cautious long position may be considered. This trade should be treated strictly as a counter-trend move rather than a trend reversal. A stop loss of 50 points should be maintained, with an upside expectation of around 100 points. On the higher side, immediate resistance is likely near 25,340, followed by a stronger resistance zone around 25,430.
MarkShala Closing View
Nifty 50 Futures are currently trading near a technically sensitive zone around the 200-day moving average. In such market conditions, sharp intraday swings are common, making discipline and risk management more important than aggressive trading. Traders are advised to remain patient, focus on confirmation near key levels, and avoid emotional decision-making.
At MarkShala, we continue to emphasize a structured, process-driven approach to intraday trading, especially during phases of heightened volatility and macro uncertainty.
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Disclaimer
The views and analysis provided above are for educational and informational purposes only and should not be considered as financial or investment advice. Trading and investing in the stock market involve risk, and past performance does not guarantee future results.
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