The 'Trade Setup For Jan. 16' article by NDTV Profit accurately predicted a range-bound trading session for the Nifty 50 index on January 16, 2026. Technical analysis highlighted 25,473 as a crucial immediate support level, a figure corroborated by various research firms including Bajaj Broking. The Nifty 50, after opening at 25,696.05, experienced a volatile trading day, fluctuating between an intraday high of 25,873.50 and a low of 25,662.00. Ultimately, the index settled marginally higher, closing at 25,694.35 with a modest gain of 28.75 points, or 0.11%. This upward movement was largely propelled by a significant rally in Information Technology (IT) stocks, notably Infosys, which surged over 5% following a positive earnings announcement and an upward revision of its revenue growth guidance for FY26. Other sectors, including Banking and Oil & Gas, also showed resilience, while Pharma and Consumer Durables faced selling pressure. The overall market sentiment remained cautious due to ongoing foreign institutional investor (FII) outflows and global uncertainties, including a delayed US-India trade deal. Despite these headwinds, consistent domestic institutional investor (DII) buying provided some cushion. The Nifty's performance aligned with forecasts, validating the analysis presented in the article.