“Bearish on Nifty 50, which has slipped below crucial moving averages with momentum indicators weakening across timeframes. The 23,100–23,000 zone is a critical support; a decisive break below 23,000 could lead to further downside towards 22,800 and then 22,500. The 23,600–23,650 zone acts as crucial resistance, and traders should remain cautious given geopolitical uncertainty and rising yields.”

Sudeep Shah’s track record: 14 graded calls · 95% CI 16–61%