“Dharmesh Shah of ICICI Direct views the recent Nifty correction, despite rising crude oil prices, as a healthy buying opportunity rather than a warning sign. He expects the Nifty to consolidate between 23,500 and 24,500 before heading towards a target of 24,800 in May. Investors are advised to seek entry points during this dip.”
Dharmesh Shah’s track record: 6 graded calls · 95% CI 30–90%
Nifty 50BullishCalled 30 Apr 2026Graded 27 Jun 2026
Nifty 50 dropped from ₹24119.30 to ₹23382.60, a decrease of -3.05% in 31 days, moving contrary to the bullish expectation and failing to reach the target of ₹24,800.
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