Nifty, Bank Nifty Under Pressure Ahead of F&O Expiry; Key Levels to Watch

• Nifty 50 fell for the third consecutive session, dropping 0.4% on December 29, ahead of the monthly F&O expiry.
• Both Nifty and Bank Nifty show bearish technical indicators, breaking below short-term moving averages and exhibiting weak momentum.
• Nifty's crucial support is at 25,726; a break below this could negate the higher high–higher low formation.
• Options data indicates Nifty resistance at 26,100 and support at 25,900; Bank Nifty resistance at 59,000.
• Nifty Put-Call Ratio (PCR) dropped to 0.68, reflecting a bearish market mood, while India VIX rose 6.23%.

Why It Matters: Markets show bearish sentiment with Nifty and Bank Nifty under pressure ahead of F&O expiry.