Rupak De expects the constructive sentiment in the defence sector to persist in the short term, noting its relative strength, a spike observed on the weekly chart, and the index holding above its 20-week SMA. He suggests further upside is possible as several stocks are hovering above immediate support levels, provided broader market conditions remain supportive.

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

Nifty 50BullishCalled 15 Feb 2026Graded 19 Jul 2026
Verdict:MISS

Nifty 50 decreased from ₹25682.75 to ₹24028.05, a decline of 6.44% over 21 days, which contradicts the bullish expectation of further upside.

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