“Bearish on Nifty, noting persistent weakness as the index slipped below its 50-day EMA, heightening bearishness. He believes overall sentiment favors bears, with the index losing bullish momentum. On the downside, the fall could extend towards 24,050-24,000, where initial support is likely to emerge, while resistance is visible at 24,240.”

Rupak De’s track record: 27 graded calls · 95% CI 34–69%