“Nagaraj Shetti of HDFC Securities maintains a firmly bearish outlook on the Nifty, citing a clear downtrend with lower tops and bottoms and every rise being sold. He expects the Nifty to break the 22,450 support level next week and potentially slide towards 22,000 in the coming weeks, influenced by global pressures like rupee and crude.”

Nagaraj Shetti’s track record: 6 graded calls · 95% CI 19–81%