Aakash Shah of Choice Broking states that Nifty 50's broader technical structure remains constructive, with the ongoing consolidation seen as a pause within a broader uptrend, supported by a higher high-higher low formation and key moving averages. He identifies immediate support at 24,000 and crucial support at 23,777, with a decisive breakout above the 24,200-24,250 resistance zone potentially triggering a rally towards 24,500-24,600.
Nifty 50BullishCalled 29 Jun 2026Graded 01 Aug 2026
Verdict:HIT

Nifty 50 increased from ₹23865.75 to ₹24317.15, a gain of 1.89%, which is consistent with the bullish outlook and the breakout above the 24,200-24,250 resistance zone.

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