Bullish on Nifty 50 for the short term, advising to buy on dips as long as the index stays above its 21-day EMA around 24,090, indicating intact positive texture despite Monday's close in red. Resistance is seen at 24,500-24,600, with a decisive fall below 24,080 potentially leading to 23,850. Risks include US-Iran tensions, crude volatility, and rupee weakness.
Nifty 50BullishCalled 21 Jul 2026Graded 11 Aug 2026
Verdict:HIT

Nifty 50 rose from ₹24187.70 to ₹24480.00, a move that aligns with the bullish call as the index stayed above the mentioned 21-day EMA and approached the resistance level.

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