“Nifty 50 has slipped below key near-term moving averages, signaling short-term weakness. However, 24,400 is a crucial immediate support level where buying interest is expected to emerge. Resistance is noted at 24,600-24,650. The sentiment remains positive as long as Nifty holds above 24,400, but a break below this could weaken the near-term outlook.”

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