“Neutral on Nifty, which continues to trade below key moving averages, with 50, 100, and 200-day EMAs remaining flat, suggesting a lack of directional momentum and ongoing consolidation. The 24,000-23,950 zone is crucial support; a sustained breach below 23,950 could weaken the near-term market structure and lead to a decline towards 23,800 in the short term.”

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