Nifty 50's Losing Streak: Can Bank Nifty Hold Key Support? Experts Weigh In

• Nifty 50 wiped out previous week's gains, falling below 26,000, which now acts as immediate resistance.
• Bank Nifty is near its crucial support zone of 59,500–59,400 (20 DEMA); a breakdown could widen selling pressure.
• On January 8, Nifty 50 plunged 264 points (1.01%) to 25,877, while Bank Nifty fell 304 points (0.51%) to 59,686.
• Experts suggest a cautious near-term bias for Nifty, with a 'sell-on-rise' strategy due to bearish undertones and strong supply at higher levels.
• Trading strategies from Samco Securities, AT Research & Risk Managers, and Choice Broking are provided for both Nifty and Bank Nifty.

Why It Matters: Nifty 50 faces bearish pressure; Bank Nifty at critical support. Experts advise caution and specific trading strategies.