“Nifty 50 shows potential near-term weakness, indicated by a Dark Cloud Cover candlestick pattern and resistance near the lower band of its rising channel. Support is 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%