“Bearish on Nifty 50 in the near term, as it formed a bearish candle and closed below the 20-day SMA, indicating negative sentiment. For day traders, 24,400 is immediate resistance; a break above could lead to 24,500-24,620. Conversely, a break below 24,220 would accelerate selling pressure, potentially retesting 24,100-24,050.”

Shrikant Chouhan’s track record: 3 graded calls · 95% CI 6–79%