Nifty 50 Cautious Below 26,000 Amid Bearish Indicators; Bank Nifty Surges Past 60,000
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Moneycontrol•16-01-2026, 16:48
Nifty 50 Cautious Below 26,000 Amid Bearish Indicators; Bank Nifty Surges Past 60,000
- •Nifty 50 failed to reclaim 25,900, closing near 25,700, showing indecision with Doji-like patterns on weekly and daily charts.
- •Experts anticipate Nifty 50 to consolidate between 25,600 and 25,900; a break below 25,600 could lead to 25,450.
- •Momentum indicators for Nifty 50 remain bearish, with MACD generating a sell crossover and RSI below the signal line.
- •Bank Nifty broke out of consolidation, closing above 60,000 for the first time since January 6, surging 515 points.
- •Bank Nifty shows strengthening bullish trends with RSI at 61.43 and a positive Stochastic RSI crossover; outlook remains bullish.
Why It Matters: Nifty 50 faces consolidation and bearish signals, while Bank Nifty shows strong bullish momentum above 60,000.
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