Nifty Consolidates Below 26200 Amid Profit Booking; Bank Nifty Shows Strength

• Nifty saw profit booking, closing 0.30% lower and falling below the 26,200 support trendline.
• Consolidation is expected if Nifty remains below 26,200, with a potential test of the 26,000 support level.
• Bank Nifty outperformed Nifty 50, forming a bullish candle and demonstrating relative strength.
• India VIX fell to 10.02, indicating caution but no major threat to the bull market below 12.
• Nifty Put-Call Ratio declined to 0.92, suggesting a slight shift in market sentiment.

Why It Matters: Nifty faces consolidation and caution, while Bank Nifty shows resilience and strength.