**NIFTY DAILY MARKET BRIEFING** **Market Performance & Drivers:** The benchmark Nifty Index closed in negative territory following an intraday volatility spike. Key downward pressure was driven by disappointing earnings results from heavyweights Reliance Industries and ICICI Bank. **Technical Outlook:** The Index maintains a bearish technical posture, trading below the 20-day Exponential Moving Average (EMA). The elevated volatility index (VIX) signals heightened market fear, underscoring the prevailing risk-off sentiment. **Support & Strategy:** Analysts project the next significant downside target in the region of **25,200**. Despite the overall bearish technical structure, selective long opportunities are recommended for the subsequent Tuesday trading session.