Neutral on Nifty 50 for the short term. While the intraday setup remains weak with potential downside towards 23,900-23,850 if it breaks below 24,000, a quick pullback rally is possible towards 24,300-24,350 if it moves above the 24,150 resistance level. The index closed below its 50-day SMA, signaling weakness.

Amol Athawale’s track record: 5 graded calls · 95% CI 12–77%

Nifty 50NeutralCalled 20 Aug 2026Graded 10 Sep 2026
Verdict:MISS

Nifty 50 decreased from ₹24231.85 to ₹23430.15, a significant drop of 3.31%, which contradicts a neutral stance and the potential for a pullback rally.

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