“Neutral on Nifty, with a conditional outlook. A move above Friday's high and the 50-day EMA at 24,190 could lead to a pullback towards 24,300-24,350 in the coming sessions. However, a breach below the weekly low of 24,076 would signal a test of major support at 24,000-23,800. The 24,200 level acts as immediate resistance, and staying below it suggests a weak sentiment with a potential decline towards 23,900 in the near term.”

ETMarkets Analysis’s track record: 10 graded calls · 95% CI 6–51%