“Neutral on Bank Nifty, noting a cautious near-term setup after rejection from higher levels and closing near its lows. A sustained break below 57,000 could weaken the structure and trigger profit booking, while reclaiming and holding above 58,000 is necessary to revive positive momentum. Immediate support is at 57,000–57,275, with resistance at 57,800–58,000.”

Sumeet Bagadia’s track record: 6 graded calls · 95% CI 19–81%