“Rupak De maintains a bearish outlook on the Nifty for the near term, expecting a fall towards 23,500. This is due to renewed geopolitical tensions, rising crude prices, a weakening rupee, and the index finding resistance at its 89 EMA. Immediate resistance is identified at 24,200.”
Rupak De’s track record: 27 graded calls · 95% CI 34–69%
Nifty 50BearishCalled 25 Apr 2026Graded 27 Jun 2026
Nifty 50 declined from ₹24092.70 to ₹23649.95, a drop of -1.84% in 21 days, moving towards the target of 23,500.
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