Market Cues: Nifty Range-Bound, Bank Nifty Cautiously Positive Amidst Elevated VIX

• Nifty remained in the 25,600–25,900 range for the fourth consecutive session, closing down 0.30 percent.
• Technical indicators for Nifty signal weakness, with RSI at 39.26 and MACD below the signal line.
• Bank Nifty closed flat but formed a bullish candle, maintaining a cautiously positive trend with RSI at 53.55.
• India VIX remained elevated at 11.32, indicating persistent caution for bulls until it falls below the 10 zone.
• Nifty Put-Call Ratio fell to 0.81, suggesting a slight shift towards bearish sentiment; SAIL and Samman Capital remain under F&O ban.

Why It Matters: Market awaits a decisive break from the 25,600-25,900 Nifty range for clear direction.