Nifty 50 Dips Below Key Levels; Bears Gain Edge as Bank Nifty Falls Despite Low VIX

• Nifty 50 closed 0.64% lower on Dec 16, forming a lower high–lower low structure despite VIX at 10-week lows.
• The index slipped below short-term moving averages, with immediate support at 25,800; a decisive break could lead to 25,700.
• Bank Nifty declined 0.72% to 59,035, breaking a three-day winning streak and closing below short-term averages.
• Bank Nifty's RSI indicates a shift from bullish to sideways momentum, with 58,700–58,600 as crucial support.
• India VIX dropped to a 10-week low of 10.06, signaling low uncertainty but also potential for sharp market moves.

Why It Matters: Nifty 50 and Bank Nifty show bearish signs, with key support levels crucial for market direction.