23/08/2026
Nifty50 Analysis | 23 Aug 📊
Nifty is stuck in a range. For the second week in a row, the index closed lower, slipping 0.47% to 24,252.
🔹 24,500–24,600 → Immediate resistance
🔹 25,000–25,100 → Strong resistance
🔹 24,200–24,000 → Key support
As long as this zone holds, the broader consolidation structure remains intact.
What could happen this week? The index may start the week on a relatively quiet to mildly positive note if buyers continue to defend the 24,200–24,100 area.
Disclaimer: This is an educational post. Not investment advice. Please do your own research before making any investment decision. Past performance does not guarantee future returns.