Nifty Rebounds, Bullish Momentum for Jan 1: Key Levels & Options Data Revealed

• Nifty 50 broke a four-day losing streak, closing 0.74% higher on Dec 31, above 26,000, signaling a healthy start to January series.
• Nifty shows strengthening bullish momentum with RSI at 56.07, sustaining above short-term moving averages and Bollinger Bands midline.
• Bank Nifty also reported strong bullish signs, breaking above falling resistance trendline and hitting upper Bollinger Bands.
• Nifty's key resistance is at 26,400, with strong support at 26,000; Bank Nifty sees 59,500 as both resistance and support.
• Put-Call Ratio at 1.27 indicates bullish sentiment, while India VIX fell to 9.47, signaling low volatility.

Why It Matters: Nifty and Bank Nifty exhibit strong bullish momentum for January 1, supported by technicals and options data.