“Rohit Srivastava suggests that despite a significant technical breakdown, Indian equity markets are extremely short-term oversold, paving the way for a temporary relief rally. He expects Nifty 50 to bounce back to retest 24,600 and potentially push towards 25,000, while Bank Nifty could reach closer to 60,000 in the near term. He advises against panic selling at current levels, noting that the VIX at 21-22 indicates heightened concern but not yet peak panic, which would be closer to 30.”

Rohit Srivastava’s track record: 16 graded calls · 95% CI 39–82%