Nifty Rebounds, Bank Nifty Crosses 59,000; Sustainability Above 200 DEMA Crucial

• Nifty 50 rebounded strongly, closing at 25,175 (up 0.51%) after finding support at 25,000–24,900 and crossing the 200-day EMA.
• Sustainability above the 200 DEMA (25,160) is key for Nifty to target 25,350–25,450; otherwise, consolidation is expected.
• Technical indicators for Nifty remain weak, with RSI below signal line and MACD below zero, despite a bullish crossover in Stochastic RSI.
• Bank Nifty surged 1.25% to 59,205, forming a long bullish candle and outperforming Nifty 50, but could not close above previous day's high.
• India VIX remains in an uptrend, rising 1.83% to 14.45, indicating continued market volatility, especially with the Union Budget approaching.

Why It Matters: Nifty and Bank Nifty show rebound, but sustained upward movement depends on key technical levels and VIX stability.