Market Volatility to Persist: Nifty, Bank Nifty Face Bearish Sentiment, VIX Up

• Nifty recovered over 0.50% on January 22, closing above its 200-day EMA after a three-day decline, but needs to sustain above 25,850 for continued uptrend.
• Bearish sentiment and increased VIX suggest short-term consolidation and volatility for Nifty, with immediate support at 25,160 and resistance at 25,500–25,600.
• Nifty's technical view shows a high-wave pattern indicating uncertainty; it's above 200 DEMA but below other key moving averages, with bearish RSI and MACD.
• Bank Nifty rose 400 points, forming a Doji pattern, signaling uncertainty; it's above 50 DEMA but below short-term moving averages, with bearish momentum indicators.
• Experts advise caution and risk management; a 'sell-on-rise' strategy is recommended for Bank Nifty due to weak momentum and resistance at 59,500–59,700.

Why It Matters: Market faces continued volatility and bearish sentiment; investors should exercise caution and manage risks effectively.