NIFTY MARCH 2ND WEEK VIEW Nifty 50 IndexNSE:NIFTYIshanMathur05The Nifty fell last week amid rising global tensions. The upcoming week is going to be important to watch to see whether the Nifty will test the 24,000 to 23,850 levels or if it will bounce back to the 24,985 to 25,083 range. Currently, if you observe the posted chart, I have plotted a trend line that will work as an important support for the Nifty. If the Nifty defends this trend line, it may bounce back, and we can expect short covering. However, if it breaches this trend line and the support range of 24,310 to 24,168, then we can expect a retracement up to 23,863+. Bullish scenario: If the Nifty crosses and sustains above the base level of 24,534 to 24,635, then we can expect the upmove to continue up to the resistance range of 24,985 to 25,083+. Overall, the markets are going through uncertain times, and we should remain cautious.