“Neutral on Nifty 50 in the near term, expecting the 50-day EMA zone of 24,200-24,150 to provide immediate support. A sustained breach below 24,150 could intensify selling towards 24,000. On the upside, the 200-day EMA zone of 24,380-24,400 is key resistance; a decisive move above 24,400 would strengthen bullish sentiment towards 24,550.”

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