“Bearish on Nifty 50 in the short term, as the index has slipped below its 50-day EMA and closed at a several-week low, indicating further weakening. Immediate support is at 23,600, with a decisive breach risking a severe correction. The broader trend remains weak unless Nifty reclaims 24,000.”

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