“Bearish on Nifty in the near term, as it faced resistance near the lower band of the rising channel and formed a Dark Cloud Cover candlestick pattern. Sees support at 23,850, with a potential decline towards 23,700–23,730. A sustained move above 24,000 is required to negate this immediate bearish bias.”

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