“Sudeep Shah maintains a neutral to indecisive outlook on the Nifty for the short term, observing consolidation near the 100-day EMA and a lack of strong trend conviction, evidenced by a Doji candle and compressed RSI. He anticipates Q3 earnings from heavyweights like RIL, HDFC Bank, and ICICI Bank will serve as key triggers for the index's next directional move. Technically, a sustained break above the 25,950 hurdle could lead to a rebound towards 26,200 and 26,500, whereas a decisive break below the 25,450 support level might accelerate a correction.”

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