The Nifty 50 correction is nearing its end, with limited downside remaining. He identifies a key technical support level around 23,077 (a 61% retracement of the April rally), suggesting only 80-100 points more downside. He anticipates a potential market turnaround from down to up once the current selling phase concludes, advising patience for entry confirmation.

Rohit Srivastava’s track record: 16 graded calls · 95% CI 39–82%

Nifty 50BullishCalled 03 Jun 2026Graded 04 Aug 2026
Verdict:HIT

Nifty 50 increased from ₹23416.55 to ₹24774.30, a gain of 5.80%, indicating the correction ended and the market turned around as anticipated.

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