“Sudeep Shah maintains a bearish outlook on Nifty for the upcoming week, citing persistent underlying weakness and the firm grip of bears on the market, with every pullback being sold into. The trend remains decisively negative due to global geopolitical tensions, elevated crude oil prices, and sustained FII outflows. Technically, Nifty is below crucial moving averages; a breach of immediate support at 22,850-22,800 could lead to a decline towards 22,500, while 23,420-23,460 acts as stiff resistance.”

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