Markets just sent an important message.
Nifty has slipped below 25,473, the January 12th intraday low — a level we had marked and spoken about earlier. Once this level gave way, the short-term character of the market clearly shifted. There’s no sugar-coating that. The setup has turned bearish for the near term.
On Sunday, I had already discussed what could unfold if this low breaks, and I’m sharing that same link again below.
Now, even though the market is weak, this is not a comfortable market to be short. And many of you will probably feel that too.
The fall from the January 5th top has been messy, uneven, non-linear. It doesn’t have that clean, aggressive bearish rhythm we usually see when a real medium-term downtrend begins. This doesn’t mean prices can’t go lower — they absolutely can. But it does mean that something is different about this decline.
What this kind of price action usually tells us is that the market is correcting, not collapsing.
The bigger structure still looks bullish. Nothing meaningful has broken there yet. What has changed is the patience required.
The rally many were positioning for looks like it has been delayed — maybe by a few days, maybe by a couple of weeks. But the path itself doesn’t look damaged.
So yes — the market is weak.
Yes — pressure is real.
But this still feels more like a difficult phase the market is working through, rather than the start of a long bearish era.
Sometimes markets don’t move fast. They wear people out first.
Let’s stay flexible, respect the weakness, but also not lose sight of the bigger picture.
We’ll let price guide us from here.
https://ganninsides.com/2026/01/18/when-headlines-get-loud-structure-gets-important/
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