Nifty, Bank Nifty: Bears Dominate as VIX Rises; Key Levels to Watch

• Nifty bounced back 0.50% on January 27, moving above the 200-day EMA, but technical indicators still favor bears.
• Experts predict Nifty will trade between 24,900 and 25,500 in the short term; a fall below 24,900 could lead to 24,600.
• Bank Nifty formed a long bullish candle with above-average volume, testing the 100-day EMA before bouncing above the 50-day EMA.
• India VIX rose to 14.45, indicating persistent trouble for bulls, while the Nifty Put-Call Ratio increased to 1.02, suggesting bullish sentiment.
• No new stocks were added to the F&O ban list, and Samman Capital was removed.

Why It Matters: Technical indicators favor bears for Nifty, while Bank Nifty shows cautious improvement amidst rising VIX.