Nifty, Sensex Slip Below Key Levels; Analysts Warn of Deeper Downside Risk

• Indian equity markets are under pressure, with benchmark indices trading below crucial technical levels.
• Manish Hathiramani of Deen Dayal Investments states Nifty is in a short-term bearish phase, breaking below recent lows and the 200-day moving average.
• Sensex is down over 300 points, falling below 82,000; Bank Nifty also weakened after breaking key supports.
• Hathiramani identifies 24,950-25,000 as a critical zone for Nifty; sustained trading below it could lead to a fall towards 24,500.
• Gautam Baid of Complete Circle Stellar Wealth PMS sees the correction as an opportunity for selective, bottom-up stock picking in areas with strong earnings growth visibility.

Why It Matters: Indian markets face short-term bearish pressure, with Nifty and Sensex breaking key supports, but selective stock picking offers opportunities.