“Nifty 50 is showing sustained selling pressure and moderating bullish momentum in the near term, indicated by a bearish candlestick pattern and weakening RSI. Immediate support is identified between 24,000-24,080, with resistance at 24,330-24,400, suggesting a defined trading range due to significant call and put writing.”
Sumeet Bagadia’s track record: 6 graded calls · 95% CI 19–81%
Nifty 50NeutralCalled 09 May 2026Graded 04 Jul 2026
Nifty 50 decreased from ₹23815.85 to ₹23382.60, which is a significant drop inconsistent with a neutral call.
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