Nifty Plunges Below 25900: Bears Dominate, Further Decline Feared

• Nifty fell over 1% on Jan 8, breaking short and medium-term moving averages, with widespread selling pushing the broader market down by nearly 2%.
• Market experts warn that if Nifty stays below 25,900 (50 DEMA), decline could extend to 25,700 and potentially 25,500, while 26,000 acts as resistance.
• Nifty formed a long bearish candle, showing lower high-lower low for 3rd session; RSI at 44.11 (negative crossover) and MACD turned bearish, indicating strengthening bearish momentum.
• Bank Nifty showed smaller losses, staying above short-term moving average and Bollinger Band midline, suggesting consolidation with cautious sentiment despite slightly bearish RSI.
• India VIX rose 6.53% to 10.6, signaling increasing volatility and trouble for bulls; Put-Call Ratio dropped to 0.66, indicating bearish market sentiment.

Why It Matters: Indian markets show strong bearish momentum with Nifty below key levels, increased volatility, and negative sentiment.