Sensex prediction for Monday, Jan 19: Can index reclaim 84,100? Check key support, resistance levels

By Admin

19 Jan, 2026

The Indian equity market heads into Monday, January 19, with cautious optimism after a volatile but resilient performance last week. Investors are closely watching whether the BSE Sensex can reclaim the crucial 84,100 level amid mixed global cues, earnings momentum, and currency pressure. Here is a detailed outlook on market sentiment, key drivers, and important technical levels to track for the upcoming session.

Market recap: Friday, January 16
The domestic stock market witnessed selling pressure during the day on Friday, January 16, 2026. The NSE Nifty50 slipped below the 25,700 mark intraday, while the BSE Sensex ended marginally higher despite shedding nearly 600 points from the day’s high.

After two consecutive days of losses, the 30-share Sensex rose 187.64 points, or 0.23 percent, to close at 83,570.35. During intraday trade, it surged as much as 752.26 points to touch 84,134.97 before facing profit booking. On a weekly basis, the index dipped marginally by 0.01 percent.

The NSE Nifty settled at 25,694.35, up 29 points or 0.11 percent, and managed to post a marginal weekly gain of 0.04 percent.

Rupee movement and broader sentiment
The Indian rupee weakened sharply by 48 paise to close at 90.82 against the US dollar, extending its recent losses. Currency weakness added a layer of caution for investors, especially in import-dependent sectors, even as export-oriented IT stocks benefited.

Key factors driving the market
Market sentiment last week was supported by a sharp rally in Infosys after the company raised its revenue growth guidance for FY26. Optimism around Q3 earnings and renewed India–US trade discussions also helped offset concerns arising from rising geopolitical tensions.

However, profit booking was visible in sectors such as pharma, consumer durables, and automobiles. On the positive side, PSU banks and metal stocks outperformed, indicating selective sectoral strength rather than a broad-based rally.

Sensex gainers and losers
Among the Sensex constituents, Infosys jumped 5.67 percent after reporting an 8.9 percent year-on-year rise in Q3 revenue to Rs 45,479 crore and upgrading its FY26 constant currency revenue growth guidance to 3–3.5 percent from 2–3 percent earlier.

Other notable gainers included Tech Mahindra, HCL Technologies, State Bank of India, UltraTech Cement, and HDFC Bank.

On the downside, Eternal, Asian Paints, Bharat Electronics, Sun Pharma, and Maruti Suzuki ended the session as laggards, weighed down by profit booking and sector-specific concerns.

Sensex outlook for Monday, January 19
According to Hitesh Tailor, Technical Research Analyst at Choice Broking, the Sensex enters the new week with a constructive bias after its resilient close on Friday.

The rebound, driven largely by strong IT earnings—particularly from Infosys—has helped neutralise recent sluggishness in the index. The Sensex rebounded from intraday lows and held on to gains for most of the session, supported by strength across IT, banking, and financial stocks.

Although gains were capped near the day’s highs due to profit booking in select defensive stocks, overall market tone remained positive. Market breadth stayed healthy, with advancing stocks outnumbering decliners, and volumes indicated genuine accumulation rather than isolated buying.

Key support and resistance levels to watch
From a technical perspective, the ability of the Sensex to hold above its intraday lows signals a shift toward a buy-on-dips approach.

Key support zone
The 83,000–83,100 range remains a crucial support area. As long as the index sustains above this zone, the broader structural trend is expected to remain positive. This level has acted as a strong cushion during recent pullbacks.

Key resistance zone
The 84,000–84,100 band is the immediate and important resistance area. Selling pressure or profit booking may emerge as the index approaches this level. A decisive breakout above 84,100 could open the door for further upside, while repeated rejection may lead to consolidation.

Can Sensex reclaim 84,100?
The near-term outlook suggests that the Sensex has the potential to retest the 84,000–84,100 zone if positive earnings momentum continues and global cues remain supportive. However, rising geopolitical risks, rupee weakness, and selective profit booking could limit sharp upside moves.

Overall market bias remains slightly positive but defensive, with investors likely to stay selective and reactive to earnings announcements and macro developments.

Conclusion
For Monday, January 19, the Sensex trend remains constructive as long as it holds above the 83,000–83,100 support zone. Traders and investors may continue to adopt a controlled buy-on-dips strategy while keeping a close watch on the 84,000–84,100 resistance band. The ability of the index to reclaim and sustain above 84,100 will be key in determining whether the market can extend its upward momentum in the coming sessions.