Nifty Plunges 1%, Breaks 50-DEMA; Bears Gain Strength, VIX Rises

• Nifty 50 fell over 1% on January 8, breaking 50-DEMA and trendlines, closing below 26,000 for the first time since October.
• Bearish momentum indicators (RSI, MACD) and market breadth signal further weakness, with Midcap and Smallcap indices also plunging.
• Experts like Nagaraj Shetti warn Nifty could drop to 25,700 if it sustains below 26,000, indicating a short-term trend reversal.
• Bank Nifty outperformed, falling 0.51%, holding key support levels, with Sudeep Shah noting its bullish structure remains above 59,400.
• India VIX rose 6.53% to 10.6, indicating increased market volatility and caution for bulls, potentially supporting bears.

Why It Matters: Nifty's sharp fall and technical breakdowns suggest a bearish short-term outlook, with rising volatility.