The Nifty index is currently in an uncertain zone, consolidating in a tight range. It faces a critical test at the 25,350-25,300 support zone, which aligns with the 200-day moving average and a bullish gap. Upside resistance is seen at 25,700-25,800, defining a 400-500 point trading band in the near term.

Rajesh Bhosale’s track record: 9 graded calls · 95% CI 19–73%

Nifty 50NeutralCalled 16 Feb 2026Graded 19 Jul 2026
Verdict:MISS

Nifty 50 declined from ₹25725.40 to ₹24261.60, a significant drop of 5.69%, which contradicts the neutral claim of consolidating in a tight range.

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