“Vinay Rajani maintains a bearish bias on Nifty, noting the index has broken critical support levels, including the previous swing low of 23,262, and is trading below all key moving averages, indicating a clear bearish trend across timeframes. He suggests caution will persist unless Nifty decisively moves above 23,800, with 23,150 identified as a crucial gap support level.”

Vinay Rajani’s track record: 21 graded calls · 95% CI 8–40%