“Sudeep Shah holds a cautious to bearish view on the Nifty for the short term, citing geopolitical tensions, global gas supply disruptions impacting earnings, and persistent bearish technical indicators. He identifies the 22,650-22,600 zone as critical support, warning that a sustained break below 22,600 could drag the index towards 22,400 and potentially 22,200. While Nifty Midcap 100 and Nifty Smallcap 100 show relative outperformance, he advises close monitoring over the next 2-3 weeks to assess sustainability, given prevailing volatility and fragile sentiment.”

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