Nifty Plunges Amid Geopolitical Tensions, Technical Indicators Signal Weakness

• Nifty dropped over 1.4% on February 19 due to US-Iran geopolitical tensions and surging oil prices.
• The index fell below key moving averages, with weak momentum and rising VIX deteriorating sentiment.
• If Nifty breaks 25,400, it could fall to 25,300-25,200; staying above 25,400 might lead to 25,500-25,600.
• Bank Nifty also showed caution, forming a long red candle and testing its 10-day EMA.
• Nifty Put-Call Ratio sharply fell to 0.7, indicating a bearish market mood, while India VIX rose above 13.