“Sudeep Shah maintains a constructive undertone on Nifty 50, noting positive momentum is intact with the index trading above its 20-day and 50-day EMAs and RSI at 58. He suggests a fresh rally towards 24,500 in the short term if Nifty sustains above the 24,150-24,200 resistance zone. Key support is identified at 23,850-23,800, with a decisive breach below 23,800 potentially dragging the index to 23,500.”

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