Nifty, Bank Nifty Face Bearish Pressure: Key Levels to Watch for Traders

• Nifty 50 dropped 194 points to 25,683, while Bank Nifty plummeted 435 points to 59,252 on January 9.
• Experts suggest Nifty 50 could fall below 25,600–25,500 if it sustains below 25,700; resistance at 25,900–26,000.
• Bank Nifty faces bearish reversal; a break below 59,000 could lead to 58,800–58,700, with resistance at 59,500.
• Technical analysis indicates a bearish bias for Nifty, with 25,500–25,400 as support and 25,900–26,050 as resistance.
• Traders are advised to maintain light positions and sell on rallies for both Nifty and Bank Nifty due to prevailing bearish sentiment.

Why It Matters: Nifty and Bank Nifty show strong bearish signals; traders should exercise caution and consider selling on rallies.