Bearish on Nifty as long as it trades below the 24,300 resistance zone. He expects the 24,030-24,000 zone to act as key support, but a decisive breakdown below 24,000 could accelerate selling pressure, triggering a deeper correction towards 23,850. This outlook is influenced by weak global cues and elevated crude oil prices.

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

Nifty 50BearishCalled 18 Aug 2026Graded 17 Sep 2026