Nifty at Critical Juncture: Bears Gain Power if 25,800 Fails; VIX Rebounds

• Nifty 50 broke below short-term moving averages and Bollinger Bands midline, closing 0.4% lower on December 29, with weakening momentum indicators.
• Key support for Nifty 50 is at 25,800; a break could lead to 25,700–25,650, while holding it might trigger a rebound towards 26,000–26,300.
• Nifty formed a bearish candle with a lower high–lower low structure, RSI dropped below 50, and MACD turned bearish, indicating weakness.
• Bank Nifty also showed weakness, falling to 58,932, with momentum indicators signaling bearish sentiment and volatility.
• India VIX, the fear index, rebounded 6.23% to 9.72, causing discomfort for bulls, though major risk is averted below 12–13.

Why It Matters: Nifty faces critical support at 25,800 amid bearish signals and a rebounding VIX.