Nifty Weakens, 50-DEMA Key; Bank Nifty Defends 20-DEMA

• Nifty 50 closed down on December 9, finding support at its 50-day EMA (25,700) and bouncing back above 25,800.
• The 50-DEMA is crucial for Nifty's future direction; 25,500 is the next support if it breaks, with resistance at 25,900-26,200.
• Bank Nifty outperformed Nifty 50, recovering most losses to close flat and forming a bullish candle above its 20-day EMA.
• Bank Nifty's immediate support is at 59,000, with resistance at 59,500-59,800; a close above 59,400 indicates a bullish trend.
• India VIX fell 1.55% to 10.95, remaining below key moving averages, which is favorable for bulls.

Why It Matters: Crucial technical levels for Nifty and Bank Nifty impact investment strategies.