Nifty 50, Bank Nifty: Can Key Levels Hold Amid Bearish Market Consolidation?

• Nifty 50 and Bank Nifty face bearish sentiment and consolidation, with both indices struggling to hold key support levels.
• Nifty 50 dropped below short-term moving averages, forming a lower high-lower low structure; 25,800 is immediate support, 26,050–26,100 is resistance.
• Bank Nifty must defend 58,800 to avoid further downside towards 58,650–58,500; 59,500–59,800 acts as resistance.
• Experts recommend a "sell on rise" strategy for both indices due to persistent FII selling and negative technical indicators like RSI, MACD, and ADX.
• Technical analysis shows Nifty 50 struggling near 25,830 and Bank Nifty trading within a downward-sloping channel, reinforcing bearish bias.

Why It Matters: Nifty 50 and Bank Nifty face bearish pressure; "sell on rise" strategy advised as key supports are tested.