“Bullish on the Nifty 50, expecting a turnaround from the crucial 23,200–23,100 support zone. The daily RSI is at multi-month lows, and lower time frames are deeply oversold, limiting aggressive selling. Anticipates crude prices to cool off, providing relief. A sustained move above 23,600–23,800 could trigger a sharper recovery, as risk-reward is becoming favorable after a prolonged decline.”

Mehul Kothari’s track record: 7 graded calls · 95% CI 8–64%