“Neutral on Nifty 50 in the near term, as the index shows prolonged indecision, oscillating around key moving averages with momentum indicators remaining range-bound. The 24,500–24,550 zone is a crucial hurdle, while 23,900–23,950 acts as key support. A decisive move beyond these levels is needed for a new directional trend.”

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