Nifty Rebounds After 5-Day Slump, But Caution Advised Amidst Volatility

• Nifty 50 rebounded by 0.42% to 25,790 after a 5-day losing streak, forming a bullish candle with a long lower shadow.
• The index reclaimed the 100-day EMA and formed a Piercing Line-type pattern, indicating a potential short-term turnaround.
• Nifty needs to sustain above 26,000 (20-day EMA, Bollinger Bands midline) for further upside towards 26,200-26,300; crucial support at 25,450.
• Momentum indicators (RSI, MACD) still show weakness, and the India VIX spiked, signaling continued caution despite the rebound.
• Bank Nifty also rebounded by 0.34% to 59,450 after a three-day losing streak, but momentum indicators lack strength for sustained upside.

Why It Matters: Nifty shows a short-term rebound, but sustained recovery hinges on breaking 26,000 amidst cautious indicators.