Nifty 50 and Bank Nifty Approach Critical Support Levels

Nifty 50 and Bank Nifty breaking below previous week’s low may signal a bear attack, with India's VIX at an all-time low.

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Nifty 50 and Bank Nifty Approach Critical Support Levels

Nifty 50 and Bank Nifty Approach Critical Support Levels
The Nifty 50 and Bank Nifty have fallen below the previous week's lows, signaling potential bearish pressure. This technical weakness opens the door for further downside movement. India's volatility index (VIX) is currently at an all-time low, indicating a lack of market fear and providing a window for possible bear market attacks. Traders are advised to monitor support levels closely.