For short-term traders, CA Rudramurthy BV advises extreme caution, recommending against catching the falling knife and instead using any market rallies as shorting opportunities. He believes the broader market is vulnerable to further downside given Nifty's technical breakdown, coupled with weakness in Bank Nifty and ongoing pressure on IT stocks.

CA Rudramurthy BV’s track record: 17 graded calls · 95% CI 26–69%

Bank NiftyBearishCalled 27 Feb 2026Graded 19 Jul 2026
Verdict:HIT

Bank Nifty declined from ₹59839.65 to ₹51437.75, a drop of 14.04% in 21 days, consistent with the bearish outlook.

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