“Bearish on Nifty 50 in the immediate near term, citing current chart structure and elevated crude oil prices indicating further downside. Immediate support is around 23,000–23,100; a decisive close below this could push it toward 22,500 or lower. Any bounce toward 23,450–23,600 will attract renewed selling interest.”

Vipin Kumar’s track record: 3 graded calls · 95% CI 6–79%