Chartist Talk: Nifty at risk below 23,250; Sudeep Shah sees metal rally cooling, bets on 2 pharma stocks

From a momentum standpoint, the 40 level on the daily RSI remains critical. A clear breakdown below this level could further dampen sentiment and potentially trigger a fresh wave of bearish momentum in Nifty 50, said Sudeep Shah.

May 17, 2026 - 09:00
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Chartist Talk: Nifty at risk below 23,250; Sudeep Shah sees metal rally cooling, bets on 2 pharma stocks
From a momentum standpoint, the 40 level on the daily RSI remains critical. A clear breakdown below this level could further dampen sentiment and potentially trigger a fresh wave of bearish momentum in Nifty 50, said Sudeep Shah.

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