“Rupak De of LKP Securities expects Nifty sentiment to remain bearish in the short term. He identifies 23,800 as a crucial resistance, above which sellers might lose control, while 23,400 acts as immediate support, below which selling pressure could intensify. The bearish outlook is supported by technical indicators like resistance near the 20 EMA and a bearish crossover in the hourly RSI.”

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