VIX above 14 signals caution for bulls; Nifty needs 25,700 for upside

• Nifty 50 rebounded after a steep fall, rising nearly half a percent, with 25,400 acting as key support.
• VIX surged above 14, indicating increased caution for bulls, while Nifty 50 trades below most key moving averages.
• Nifty needs to sustain above 25,650–25,700 for further upward movement towards 25,800 and 25,900.
• Bank Nifty outperformed, climbing 0.71% to 61,172, staying above all key moving averages and forming a bullish engulfing pattern weekly.
• Experts suggest 20-day EMA zone of 60,400–60,500 as key support for Bank Nifty, with 61,700–61,800 as resistance.