Yes.Question said:Or does it ONLY apply to spells that require either touch or ranged touch attacks?
Presuming by 50% concealment, you mean total concealment, then you cannot choose a totally concealed target as part of the chain lightning.Question said:Lets say the target has 50% concealment.
You fire a "direct hit" spell......such as chain lighting.
SRD said:You must be able to see or touch the target, and you must specifically choose that target.