Trade Setup January 19: Nifty 50, Bank Nifty Key Levels, Options Data & More

• Nifty 50 closed moderately higher on January 16, failing to sustain above 50-day EMA (25,900) but finding support at 100-day EMA (25,600).
• Bank Nifty outperformed Nifty 50, breaking consolidation and trading above key moving averages, showing strengthening bullish momentum.
• Nifty 50 formed a Doji-like candlestick pattern, indicating market indecision and continued consolidation with a cautious to bearish undertone.
• Key resistance for Nifty 50 is at 26,000 (max Call OI), while 25,500 (max Put OI) acts as crucial support.
• India VIX remained elevated (10.5–12 levels), signaling caution; a spike above 12 could pose a major risk for bulls.

Why It Matters: Nifty 50 shows indecision within 25,600-25,900 range, while Bank Nifty exhibits bullish momentum.