“Nifty 50 confirmed a bullish breakout by moving above 24,100 (100-DMA) and closing above 24,200 resistance on the weekly chart. The technical structure remains constructive, expecting a gradual move towards 24,550 in the near term, supported by MACD buy crossover and RSI above 60.”
Nilesh Jain’s track record: 3 graded calls · 95% CI 6–79%
Nifty 50BullishCalled 06 Jul 2026Graded 01 Aug 2026
Nifty 50 decreased from ₹24430.35 to ₹23995.95, which is contrary to the bullish expectation of moving towards ₹24550.
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