“Sudeep Shah holds a bearish view on Nifty for the near term, expecting upside momentum to remain capped. The index has shown a clear deterioration in short and medium-term trend strength, slipping below key EMAs which are now sloping downward, and the daily RSI indicates weakness. Immediate support is seen at 25,350-25,300, with a break potentially leading to 25,100 and 24,900, while 25,650-25,700 acts as a formidable hurdle.”

Sudeep Shah’s track record: 14 graded calls · 95% CI 16–61%