Nifty 50, Bank Nifty Near Crucial Support; Bear Attack Looms if Levels Break

• Nifty 50 extended its downward journey for the third consecutive session, closing marginally below 50% Fibonacci retracement.
• India VIX hit an all-time closing low of 9.84, signaling low uncertainty but not ruling out sharp market moves.
• If Nifty 50 breaks below the previous week's low (25,693), severe selling pressure towards 25,500 is possible.
• Bank Nifty closed at a one-week low (58,927); a decisive fall below 58,800 could trigger a bear attack.
• Technical indicators like RSI, Stochastic RSI, and MACD suggest caution and a bearish bias for Nifty 50.

Why It Matters: Nifty 50 and Bank Nifty face critical support levels; a breach could unleash significant selling pressure.