Nifty at 25,600: Breakdown Looms, Bank Nifty Eyes 59,800 for Upside

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Moneycontrol•14-01-2026, 17:02
Nifty at 25,600: Breakdown Looms, Bank Nifty Eyes 59,800 for Upside
- •Nifty 50 closed 0.26 percent lower at 25,666, extending weakness with above-average volumes.
- •The index is consolidating between 100-day and 50-day EMAs, holding above 25,600 for four sessions.
- •A decisive break below 25,600 could lead to 25,450 and 25,300; above 25,900, 26,000-26,200 is possible.
- •Bank Nifty closed flat at 59,580, forming a bullish candle; 59,800 is crucial for further upward momentum.
- •India VIX closed higher at 11.32, indicating caution for bulls despite a narrowing daily range.
Why It Matters: Nifty faces potential breakdown below 25,600, while Bank Nifty needs to cross 59,800 for gains.
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