The Nifty 50's short-term market texture is non-directional and is expected to continue this way in the near future. Chouhan identifies immediate support zones for the Nifty 50 at 24,500-24,400 and key resistance areas at 23,800-23,850. He suggests that a move above 23,850 could push the market to 23,950-24,000, while a failure to hold 23,400 might lead to a decline towards 23,250-23,200, recommending level-based trading for day traders.

Shrikant Chouhan’s track record: 3 graded calls · 95% CI 6–79%

Nifty 50NeutralCalled 20 May 2026Graded 27 Jun 2026
Verdict:MISS

Nifty 50 declined from ₹23654.70 to ₹23161.60, a -2.08% movement, which contradicts the non-directional market texture claim.

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