“Neutral on Bank Nifty, noting a lack of meaningful volatility and directional strength, indicated by a largely flat ADX. Immediate support is seen in the 56,800–56,700 zone, coinciding with the 200-day EMA. A sustained move below this could extend weakness towards 56,400 and 56,000 in the short term, while immediate resistance is at 57,500–57,600.”

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