“Bearish on Nifty 50, as its inability to stay above 23,515 invalidated upside attempts, with consecutive closes below the lower Bollinger Band and a bearish engulfing candle reflecting strong bearishness. While Nifty is within the 23,260-23,000 support band, a close below this level would bring 22,600-21,800 into radar.”

Anand James’s track record: 14 graded calls · 95% CI 12–55%