“Rahul Sharma of JM Financial Services notes that Nifty is currently at a critical support level of 25,650, a cluster of moving averages. He anticipates an intraday bounce if this support holds, but warns that a break below 25,650 could lead to another 100-point selloff within a day or two, exacerbated by brewing geopolitical risks. For a significant market pickup, Nifty needs a breakout above 26,400.”

Rahul Sharma’s track record: 6 graded calls · 95% CI 10–70%