Nifty 50, Bank Nifty: Will the Northward Journey Continue Amidst Elevated VIX?

• Nifty 50 rebounded after a three-day loss but failed to close strongly above the previous day's high, indicating bear control.
• Nifty needs to scale above 25,300 for further uptrend towards 25,450–25,500; 200 DEMA (25,164) acts as immediate support.
• Bank Nifty also showed similar behavior, with 59,450–59,550 as key resistance and 58,800 as immediate support.
• Experts suggest various strategies including Bear Call Spread for Nifty and short positions on Bank Nifty pullbacks.
• India VIX declined to 13.35, indicating easing volatility, while RSI for both indices shows mild improvement from oversold levels.

Why It Matters: Nifty 50 and Bank Nifty show indecision, with experts recommending cautious strategies amid key resistance and support levels.