Trade Setup Dec 31: Nifty Downtrend, Bank Nifty Strength, Key Levels & F&O Insights

• Nifty 50 extended downtrend for 4th day, showing bearish indicators and a Doji pattern at support, with potential for bounce-back or further decline.
• Bank Nifty formed a bullish candle, indicating improving sentiment and emerging strength, but confirmation is awaited.
• Nifty's key resistance is at 26,000 (max Call OI), while 26,000 also acts as key support (max Put OI).
• Bank Nifty faces resistance at 59,500 (max Call OI) and finds support at 59,500 (max Put OI).
• Nifty Put-Call Ratio jumped to 0.92, suggesting firming bullish sentiment; India VIX closed lower at 9.68, comforting bulls.

Why It Matters: Nifty shows indecision with bearish bias, Bank Nifty hints at strength; watch key levels for Dec 31.