Nifty 50 is expected to consolidate within the 23,300–23,500 range in the short term, absorbing the RBI policy announcement. Sentiment remains weak, with the index sustaining below critical moving averages and RSI indicating a lack of positive momentum. A decisive breakout above 23,500 could target 25,700, while a breach below 23,300 is a key support level.

Rupak De’s track record: 27 graded calls · 95% CI 34–69%

Nifty 50NeutralCalled 06 Jun 2026Graded 05 Jul 2026
Verdict:MISS

Nifty 50 moved from ₹23123.00 to ₹23946.25, a gain of 3.56%, which is outside the stated consolidation range of 23,300-23,500.

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