Market Range-Bound Amid Low Volumes; Nifty, Bank Nifty Show Weakness

• Nifty 50 declined 0.38%, expected range-bound between 25,950-26,300 due to low volumes, with support at 26,000-25,950.
• Technical indicators for Nifty 50 (bearish candle, lower-high–lower-low, RSI, Stochastic RSI, MACD) point to cautious sentiment and increasing downside risk.
• Bank Nifty also formed a bearish candle, with RSI, Stochastic RSI, and MACD indicating a weak short-term trend and limited upside potential.
• India VIX fell to a new low of 9.15, suggesting reduced market volatility and calm.
• Nifty's Put-Call Ratio dropped to 0.76, indicating a shift towards bearish market sentiment.

Why It Matters: Market faces range-bound trading and potential downside risk due to low volumes and weak technicals.