As the bearish sentiment appears to be intensifying in the market, the next meaningful support for Nifty is placed at 23,000, below which further correction seems likely, Rupak De, Senior Technical Analyst, LKP Securities, said.Bears are expected to remain active, with every rise likely to be sold into as long as Nifty sustains below the 50 EMA, he said.Edited excerpts:Nifty ended the week around 2% lower amid FII sell-off. How does the trade set-up looks like for the week ahead for both Nifty and Nifty Bank?Nifty has been falling since encountering resistance at the 50 EMA on the daily timeframe, correcting by about 900 points in just six trading sessions. The bearish sentiment appears to be intensifying. The next meaningful support is placed at 23,000, below which further correction seems likely. Bears are expected to remain active, with every rise likely to be sold into as long as Nifty sustains below the 50 EMA.Bank Nifty continues to be the primary support for sellers, as the index has experienced a significant consolidation breakdown on the daily timeframe. On the lower end, Bank Nifty might continue to drift downward toward 48,000 if it breaks below 48,680. TCS was the star of Friday's session as it ended about 6% higher on positive commentary after Q3 results. Do you think more steam is left in the stock and can go long on TCS?The stock has delivered a consolidation breakout supported by strong post-results commentary. Additionally, the trend appears positive, with the stock closing above the 50 EMA. The momentum is expected to persist as long as it remains above Rs 4,190. On the upside, the stock could advance toward Rs 4,500 or higher in the short term.Mid and smallcaps were under pressure the whole week as a result of which many investor portfolios fell more than Nifty during the week. What are the charts hinting at - more pain or revival?Mid- and small-cap indices have fallen more sharply compared to the headline index during the recent decline, leading to a deeper impact on investor portfolios. However, despite the sharp correction, there appears to be little indication of an imminent recovery. Both indices resemble a falling knife, and investors are likely to remain on the sidelines for a few more days, as suggested by the charts.Kalyan Jewellers ended the week around 20% lower and was among the top BSE 500 losers. Should one dare to catch this falling knife?The stock appears to be a falling knife, and attempting to catch the bottom in the current scenario could be detrimental to your portfolio. It is advisable to wait for the first signs of a pause in the correction. While this approach might prevent you from buying at the absolute bottom, it will help you avoid being on the wrong side of the trend.Give us your top ideas for the week ahead.Buy UNOMINDA at 1,098 TGT 1,220 SL 1,044 The stock has delivered a consolidation breakout on the daily chart, indicating a rise in optimism around it. Additionally, the stock has been sustaining above the critical moving average. The RSI is in a bullish crossover and trending upward. In the short term, the stock may move toward 1,220, with support on the lower end placed at 1,044.Sell HAL at 4,000 TGT 3,800 SL 4,100 The stock has given a breakdown from a consolidation on the daily chart, indicating a rise in bearishness around it. Besides, the stock has been sustaining below a critical moving average. The RSI is in a bearish crossover and falling. In the short term, the stock may move down toward 3,800, with support on the lower end placed at 4,100.Buy IRCTC at 779 TGT 850 SL 759 The stock has shown initial signs of recovery from the current levels. The recent green candle was accompanied by decent volume, adding to the positive sentiment. The RSI has entered a bullish crossover, and a positive divergence is visible on the daily RSI. In the short term, the stock may move toward 850, with support placed at 759.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)