“Bearish on Nifty 50 in the near term, as the index has broken below its upward consolidation and a critical short-term moving average on the daily chart. The RSI indicator shows a bearish crossover. Expects the index to fall towards 23,600 or lower, with 24,000 acting as resistance.”

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