“Bearish on Nifty, with sentiment remaining weak and potential for a further fall towards 24,180. The momentum indicator RSI is weakening with a bearish crossover slipping towards the oversold zone. On the upside, 24,400 is expected to act as crucial resistance.”
Rupak De’s track record: 27 graded calls · 95% CI 34–69%
Nifty 50BearishCalled 17 Aug 2026Graded 16 Sep 2026
Nifty 50 decreased from ₹24287.65 to ₹23118.85, a fall of 4.81%, consistent with the bearish call and target of 24,180.
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