“The Nifty 50's chart structure remains negative as long as it stays below the 24,200–24,300 spot zone on a closing basis. Immediate support is at 23,800, with a decisive break potentially dragging the index towards 23,600-23,400 in the short term, reflecting weakness as it trades below its 100- and 200-day EMAs.”

Vipin Kumar’s track record: 3 graded calls · 95% CI 6–79%