Nifty 50, Bank Nifty Eye New Highs: Trendline Breakout Crucial Amid Bullish VIX

• Nifty 50 consolidated, maintaining an uptrend; needs to break 26,200 for new highs (26,326).
• Support for Nifty 50 is seen at 26,050–26,000; resistance at 26,200–26,400.
• Bank Nifty rose for the third session, closing at 59,712; aims for the psychological 60,000 mark.
• Bank Nifty requires a close above 59,770 to target 60,000, with support at 59,300–59,200.
• India VIX declined for the third consecutive session to 9.18, near an all-time low, favoring bulls.

Why It Matters: Both Nifty 50 and Bank Nifty need trendline breakouts to reach new highs, supported by a low India VIX.