Nifty 50, Bank Nifty: Will Indices Rebound After Major Correction? Experts Weigh In

• Nifty 50 plunged to a three-month low, with RSI reaching oversold levels, suggesting a potential bounce.
• Experts recommend a 'sell-on-rise' strategy for Nifty, with key resistance at 25,620 and support at 25,060.
• Bank Nifty is likely to consolidate, with support at 59,000 and resistance at 59,600.
• Bearish sentiment prevails due to mixed corporate earnings, FII selling, and US tariff concerns.
• Technical indicators show sustained selling pressure, with indices trading below key moving averages.

Why It Matters: Nifty and Bank Nifty face bearish pressure; experts advise 'sell-on-rise' despite oversold indicators.