“Neutral on Nifty 50 for the near term, as the short-term recovery remains intact with higher lows, but the overall trend is not yet decisively positive. A sustained close above the crucial 23,600 resistance would signal an important improvement and increase the probability of a broader trend reversal. Conversely, a close below 23,287 would weaken the recovery and could drag the index towards the 23,100–23,000 support zone. Broader market participation remains weak, which is a concern for a healthier recovery.”