Trade Setup January 16: Nifty, Bank Nifty Key Levels, Options Data, VIX, F&O Ban

• Nifty 50 remained range-bound (25,600–25,900) for the fourth session, closing one-third of a percent lower on January 14.
• Technical indicators and elevated VIX signal caution; Nifty needs to break the 25,600-25,900 range for clear direction.
• Nifty 50 formed a small-bodied green candle with a long upper shadow, indicating selling pressure at higher levels.
• Bank Nifty showed a cautiously positive bias, forming a bullish candle and sustaining above key support levels.
• Key resistance for Nifty is at 26,000 (max Call OI), and support at 25,000 (max Put OI); India VIX remains elevated.

Why It Matters: Market remains cautious with Nifty range-bound; Bank Nifty shows slight positive bias ahead of earnings.