Nifty Hits Two-Month Low Amid Bearish Pressure; Bank Nifty Also Declines

• Nifty 50 lost 700 points from its record high, closing at 25,683, its lowest since November 10, 2025.
• Bank Nifty entered a bearish phase, falling below short-term moving averages and 50% Fibonacci retracement.
• Momentum indicators (RSI, MACD) show sell crossovers on daily and weekly timeframes for Nifty.
• Experts warn of further Nifty downside to 25,400 if 25,700 support breaks; resistance at 25,900-26,000.
• India VIX rose to a one-month high, indicating increased caution and potential for deeper market pullback.

Why It Matters: Indian markets face significant bearish pressure, with Nifty and Bank Nifty showing further downside potential.