“Rupak De of LKP Securities views the Nifty's near-term technical structure as weakened, with risk-reward shifting to the downside after a decisive break below its 20-day moving average and 25,500 support. He expects the index to remain weak in the short term, potentially falling towards 25,000, citing spiking volatility and breached Fibonacci support levels. Resistance is seen at 25,800.”

Rupak De’s track record: 27 graded calls · 95% CI 34–69%