Rupak De, a Senior Technical Analyst at LKP Securities, has expressed concerns over the recent volatility in the Indian stock market, attributing it to geopolitical tensions, rising crude oil prices, and a weakening Indian rupee. He notes that the Nifty index is under bearish pressure, potentially falling to 23,500 with resistance at 24,200. The IT sector has particularly struggled, with a 10% decline in the past week, largely due to disappointing earnings from major companies like Infosys. De recommends selective trading opportunities in stocks such as NMDC, RBL, and Piramal Pharma, which he believes have the potential for short-term gains. NMDC is suggested at a buy price of ₹89.29 with a target of ₹95, while RBL is recommended at ₹321.40 with a target of ₹340. Piramal Pharma is also highlighted, with a buy price of ₹165.50 and a target of ₹174. Overall, De advises caution in the current market landscape, indicating that any upward movement may be met with selling pressure.