“Shrikant Chouhan, head of equity research at Kotak Securities, provides a technical outlook for the Nifty 50. He identifies 23,800 as immediate support and 24,210 (50-day SMA) as the main resistance. A successful breakout above 24,210 could propel the Nifty towards 24,300-24,350, with a close above 24,300 potentially leading to 24,600 in the near term.”
Shrikant Chouhan’s track record: 3 graded calls · 95% CI 6–79%
Nifty 50 IndexBullishCalled 06 May 2026Graded 27 Jun 2026
Nifty 50 Index decreased from ₹24326.65 to ₹23547.75, a drop of -3.20%, contrary to the bullish outlook.
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