“The Nifty 50's 200-day EMA zone of 24,390-24,350 is a key support area. A decisive break below 24,350 could accelerate the correction, potentially dragging the index towards 24,200 in the near term. On the upside, 24,600-24,630 is a crucial resistance; a sustained move above this band is required to revive bullish momentum.”

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