Nifty Slips Below Key Moving Averages, Bearish or Sideways Trade Expected

• Nifty fell 0.4% on January 19, dropping below its 100-day EMA for the first time since October 2025.
• Momentum indicators are weakening, suggesting a bearish or sideways trade in upcoming sessions.
• Key support for Nifty is at 25,450, while resistance is between 25,700-25,800.
• Bank Nifty showed relative strength, maintaining its 20-day EMA and approaching a bullish MACD crossover.
• India VIX rose 4% to 11.83, indicating increased market volatility and caution for bulls.

Why It Matters: Nifty's fall below key moving averages signals potential bearish or sideways market movement ahead.