Technical View: Relief rally lifts Nifty near 25,300; bears still dominant as VIX stays high, Bank Nifty holds trendline support for another session
The monthly options data suggested that the Nifty 50 is expected to trade in a broader range of 25,000–26,000 levels. The Nifty 50 witnessed a relief rally after a three-day losing streak, bouncing back above the 200 DEMA (25,164) and closing near 25,300 with gains of half a percent on January 22. However, experts…