Nifty 50, Bank Nifty: Will they defend Monday's low on F&O expiry?

• Nifty 50 and Bank Nifty saw profit booking despite an uptrend, with elevated VIX (above 14) a concern.
• Nifty 50 needs to defend 25,600; 25,800 is crucial for further upside towards 26,000.
• Bank Nifty must hold 61,029 (Monday's low); 61,500 is key for strength towards 61,800-62,000.
• Experts advise caution on F&O expiry day due to increased implied volatility (IVs) and potential for higher swings.
• Strategies suggest buying Nifty Futures above 26,000 or selling below 25,400, and Bank Nifty Futures on dips with strict stop-losses.