Nifty is heading towards crucial support levels of 23,700-23,650. This zone is expected to act as a significant base, potentially leading to a sizeable bounce for the index in the near-term. Immediate resistance is identified at the 24,000 mark.

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

Nifty 50NeutralCalled 23 Jul 2026Graded 14 Aug 2026
Verdict:HIT

Nifty 50 rose from ₹23767.45 to ₹24395.85, a move that is consistent with a bounce from the support zone mentioned.

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