“Neutral to cautiously bullish on Bank Nifty, noting strong buying interest in the 56,000–55,000 support zone after a sharp dip and recovery. As long as this zone is respected, stabilization and a meaningful recovery are expected. A sustained move above 57,000 could lead to a fast recovery towards 58,000, with the recent sharp recovery from lows providing hope.”

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