“Nifty has experienced a decisive breakdown from its 23,800–24,500 consolidation range, indicating a weakening market structure in the near term. The 23,800–24,000 zone, which previously acted as support, is now likely to serve as an immediate resistance. While a decisive move above this band could trigger short covering towards 24,500, critical support levels to watch on the downside are 23,150, followed by 22,900.”

Ajit Mishra’s track record: 7 graded calls · 95% CI 8–64%