“Bearish on Nifty 50 for the near term, as the bearish pattern of lower highs and lower lows remains intact on the daily chart, suggesting the index is forming a fresh lower bottom. He identifies 23,600 as a key hurdle for any recovery next week, with further weakness potentially finding support around 23,250.”

Nagaraj Shetti’s track record: 6 graded calls · 95% CI 19–81%