Nifty Faces Key Resistance at 25900-26000; Major Fall Below 25700 Possible

• Nifty closed flat with a negative bias, declining for the 4th consecutive session, but formed a bullish reversal pattern and held above 50-day EMA.
• Key resistance for Nifty is at 25900-26000; a fall below 25750-25700 could trigger a significant decline to 25500-25450.
• Nifty formed an inverted hammer-like bullish candle, but momentum indicators (RSI, MACD) remain bearish, indicating cautious sentiment.
• Bank Nifty also formed a bullish candle (inverted hammer), suggesting weakening selling pressure, but momentum indicators are still weak.
• India VIX fell to a new low of 9.7, favoring bulls, while Nifty's Put-Call Ratio rose to 0.83, generally indicating bullish sentiment.

Why It Matters: Nifty shows mixed signals with potential recovery hurdles and downside risks, while Bank Nifty awaits momentum.