The Nifty's short-term trend has turned decisively negative, though the medium- to long-term outlook remains constructive. The index is expected to find immediate support around 23,600, which could trigger a rebound if held. The first major upside hurdle is seen at 24,100.

Nagaraj Shetti’s track record: 6 graded calls · 95% CI 19–81%

Nifty 50BearishCalled 08 Jul 2026Graded 01 Aug 2026