Nifty 50, Bank Nifty Consolidate: Key Levels to Watch Amid Volatility Drop

• Nifty 50 consolidated with a negative bias, needing to defend 26,100-26,000 for upward movement towards 26,250-26,400.
• Bank Nifty remains in consolidation below 59,500, with key support at 59,000 and 58,900-58,800.
• India VIX hit a new closing low, indicating reduced volatility and potential for a directional move.
• Experts suggest a 'buy-on-dips' strategy for Nifty 50, with resistance at 26,200-26,250 and support around 26,000.
• Bank Nifty shows indecisiveness, with resistance at 59,400-59,500 and support at 58,900-58,800.

Why It Matters: Nifty 50 and Bank Nifty are consolidating; watch key support/resistance for future direction.