Technical View: Nifty rebounds after rout, cooling off VIX but needs to surpass 25,200 for further uptrend; Bank Nifty underperforms
Nifty 50 rebounded 1.06% to close at 25,088, needing to surpass 25,200 for a sustained uptrend. The index may trade between 24,800 and 25,500 in the short term, with immediate support at 24,800. India VIX fell 8.15% to 13.87, indicating some comfort for bulls. Bank Nifty rose 0.35% to 58,619 but underperformed Nifty, with immediate resistance at 59,000–59,100 and support at 58,100–58,000. Experts advise caution as momentum indicators remain mixed.
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