Weak Nifty Structure and Bank Nifty Defense: Bears on Alert

The Nifty's weak structure below the 50-DEMA could aid bears, while the Bank Nifty defends 58,800. India VIX remains at fresh lows, indicating low market volatility.

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Weak Nifty Structure and Bank Nifty Defense: Bears on Alert

Weak Nifty Structure and Bank Nifty Defense: Bears on Alert
The Nifty's structure is weak below the 50-day exponential moving average (DEMA), which could fuel further bearish pressure in the near term. Meanwhile, the Bank Nifty has managed to defend the 58,800 level, providing some support for the broader market. India VIX is at fresh lows, signaling subdued volatility, but the market remains vulnerable to potential downward moves if the Nifty cannot reclaim higher levels.
Companies:
  • Nifty
  • Bank Nifty