Nifty Consolidates, Eyes 26,500; Bank Nifty Forms Base: Dec 26 Trade Setup

• Nifty 50 consolidated with a negative bias but maintained a higher-high-higher-low formation, experts project 26,300-26,500.
• Bank Nifty formed a bearish candle but showed limited downside, hovering near short-term moving averages, indicating base formation.
• Nifty's key resistance is at 26,200 (max Call OI), with strong support at 26,000 (max Put OI).
• Bank Nifty faces resistance at 59,500 (max Call OI) and finds support at 59,000 (max Put OI).
• India VIX fell to 9.19, signalling market complacency; Nifty PCR dropped to 0.98.

Why It Matters: Nifty shows bullish strength despite consolidation, while Bank Nifty stabilizes, setting up for potential upward moves.