“Nifty 50 is expected to trade sideways within the 23,500–24,000 range in the near term, despite forming a bullish recovery candle from gap support at 23,600–23,650. The index remains below key moving averages, and weak momentum (RSI at 42.87) along with rising India VIX (14.03) suggests continued pressure until a decisive breakout occurs.”

Sumeet Bagadia’s track record: 6 graded calls · 95% CI 19–81%