“Immediate support for the Nifty 50 is placed in the 23,500-23,450 zone. A sustainable move below this level could extend the Nifty's weakness towards 23,300, followed by 23,150 in the short term. On the upside, immediate resistance for the Nifty is identified in the 23,800-23,850 zone, which aligns with the 20-day EMA.”
Sudeep Shah’s track record: 14 graded calls · 95% CI 16–61%
Nifty 50NeutralCalled 20 May 2026Graded 27 Jun 2026
Nifty 50 moved from ₹23654.70 to ₹23161.60 (-2.08% in 21d), breaking the stated support zone of 23,500-23,450 and reaching the downside targets of 23,300 and 23,150.
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