“Sudeep Shah is neutral on Nifty for the short term, expecting range-bound movement over the next couple of trading sessions and for the upcoming monthly expiry. He notes technical weakness with Nifty slipping below its 20-day and 50-day EMAs, fading RSI and MACD momentum, and a balancing effect from weak IT and relatively strong Banking sectors. Key support is seen at 23,700-23,650, then 23,300, while resistance is at 24,200-24,250. Option data suggests Nifty will oscillate between 23,800 and 24,200 for the monthly expiry.”

Sudeep Shah’s track record: 14 graded calls · 95% CI 16–61%