Nifty Plunges to 3-Month Low, Bearish Momentum Dominates; VIX Hits 2-Month High

• Nifty 50 broke consolidation, falling near its 200-day EMA with significant volumes, marking its biggest single-day fall since May 2025.
• The index closed at 25,233, down 1.38 percent, its lowest closing level since October 14, 2025, shedding over 1,100 points from its January 5 record high.
• Technical indicators like RSI (29.27) and MACD show strong bearish signals, with experts warning any rebound is unlikely to sustain.
• India VIX surged 7.63 percent to 12.73, its highest since November 24 last year, indicating increased market uncertainty ahead of the Union Budget.
• Bank Nifty also closed lower at 59,404, breaking below 59,500 support, with momentum indicators signaling caution.

Why It Matters: Nifty faces strong bearish pressure, hitting a 3-month low with VIX spiking, making any rebound unsustainable.