“Sharply bearish on Nifty 50, which saw a significant decline on Tuesday, forming a long bearish candle of 474 points. This indicates substantial weakness across the board, with midcap and small-cap indices underperforming. A decisive break below 23,000 could drag the index towards the 22,600–22,500 zone in the near term, while any pullback could face resistance around 23,300. Rising crude oil prices, Middle East conflict, and weak global markets are key pressures.”

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