Nifty Eyes 26300: Bounce-Back Possible After 4-Day Decline, Bank Nifty Shows Strength

• Nifty closed flat with negative bias, marking its fourth consecutive decline, but a potential bounce-back towards the 26100–26300 zone is anticipated if recovery is confirmed.
• Despite bearish technical and momentum indicators, Nifty formed a Doji candlestick at support, suggesting uncertainty but also a chance for recovery.
• Bank Nifty showed emerging strength with a bullish candle, taking support on an upward trendline, and momentum indicators turning slightly supportive.
• India VIX declined to 9.68, providing relief to bulls, while the Nifty Put-Call Ratio rose to 0.92, indicating improving market sentiment.
• Key Nifty support at 25,893 and resistance at 25,969; Bank Nifty support at 58,856 and resistance at 59,265.

Why It Matters: Market shows mixed signals; Nifty awaits confirmation for bounce-back, while Bank Nifty exhibits emerging strength.