“Nifty 50 has been consolidating within a narrow 24,530-23,785 range for five weeks, showing indecision. However, a Bollinger Band Squeeze and low ADX suggest a significant directional move is imminent. A decisive break above 24,550 could trigger a rally towards 24,800 and then 25,000 in the short term, with 24,100-24,050 acting as strong support. Q1 earnings from index heavyweights will be key catalysts.”

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