“Rupak De indicates that Bank Nifty is in an indecisive consolidation phase, with momentum fading after facing resistance near the 200-day moving average and slipping below the 50 EMA. The setup does not appear particularly encouraging, and the trend is likely to remain weak unless the index moves decisively above the 57,500 resistance level. Key support levels are identified at 54,000 and 52,800.”

Rupak De’s track record: 27 graded calls · 95% CI 34–69%