Sudeep Shah maintains a cautious outlook for the Nifty in March, noting the index has slipped below the crucial 25,370–25,350 support and its 200-day EMA, reflecting fading bullish momentum. He identifies 24,950–24,900 as a critical support zone, with a decisive break below 24,900 potentially leading to 24,600. Conversely, a sustained breakout above the 25,450–25,500 resistance is required to revive bullish momentum.

Sudeep Shah’s track record: 14 graded calls · 95% CI 16–61%

Nifty 50NeutralCalled 28 Feb 2026Graded 19 Jul 2026
Verdict:MISS

Nifty 50 declined from ₹24865.70 to ₹22679.40, a significant drop of 8.79%, which contradicts the neutral outlook and the implied support levels.

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