Nifty 50 Eyes Rebound After 4-Day Slump; Bank Nifty Targets 59,300

• Nifty 50 seeks to end a four-day losing streak, needing to cross 26,000 for a rebound, with resistance at 26,100-26,200 and support at 25,900-25,800.
• Bank Nifty aims to scale above 59,200 for a move towards 59,300-59,500, supported at 58,800-58,700, after a 239-point rise on December 30.
• Experts offer mixed Nifty strategies: some suggest buying above 26,030/25,938, while others advise selling near 25,982 due to a downward channel.
• Bank Nifty shows bullish signs with a higher bottom and bullish Engulfing pattern; experts recommend buying above 59,250/59,280.
• Key resistance for Nifty 50 is 26,150-26,200, and for Bank Nifty, 59,416-59,500; crucial support for Nifty 50 is 25,837-25,880, and for Bank Nifty, 58,700-58,984.

Why It Matters: Nifty 50 faces critical levels to break its losing streak, while Bank Nifty shows potential for further gains.