Nifty Rebounds, VIX Cools: Can it Sustain Above 25,200 for Uptrend?

• Nifty 50 rallied one percent on February 2, recovering from a post-Union Budget rout, aided by short covering and cooling VIX.
• The index needs to sustain above the 25,160–25,200 zone (200 DEMA and 200 DMA) for a sustained upmove towards 25,450–25,500.
• Immediate crucial support for Nifty is at 24,800; consolidation with range-bound trading is expected until key resistance is breached.
• India VIX cooled off sharply by 8.15 percent to 13.87, indicating some comfort, but bulls need to remain alert.
• Bank Nifty rebounded but underperformed Nifty 50, rising 0.35 percent to 58,619, with 59,000–59,100 as immediate resistance.

Why It Matters: Nifty shows recovery signs but needs to decisively cross 25,200 for a confirmed uptrend; Bank Nifty lags.