“Neutral on Nifty in the near term, expecting sideways-to-negative movement until crude prices correct and bond yields ease, which could signal a broader trend reversal. However, he notes that after a recent correction, the index is near a key support zone of 23,000-23,200, and a near-term pullback towards 23,700-23,800 cannot be ruled out due to oversold RSI readings. Stock-specific momentum, especially in small-caps, remains encouraging.”