Technical View: Bears eye deeper correction if Nifty slips below 25,000; Bank Nifty breakdown points to further weakness amid elevated VIX
The weekly options data suggest that 25,000, where the maximum Put open interest is placed, is expected to act as key short-term support, while resistance is seen at 25,400–25,500, which holds the maximum Call open interest. The Nifty 50 was convincingly caught in a bear grip on February 27, falling over a percent amid…