“Bearish on Nifty 50, noting the index failed to sustain intraday gains after facing resistance near the 50-EMA. While initial support was found around a modified rising channel, a sustained break below 23,950 could trigger the next leg of correction. Higher levels are likely to attract selling pressure, with 24,200 as the first key resistance.”

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