NIFTY OUTLOOK FOR 12 AUGUST -24,430 & 24,500 ARE THE KEY LEVELSNifty 50 IndexNSE:NIFTYvickshikNifty closed at 24,471.70 on Tuesday, down 112.10 points. After a sharp decline in the morning session, Nifty spent most of the later session consolidating in the 24,430–24,500 zone. For tomorrow, I will closely watch 24,430 on the downside and 24,500 on the upside. If Nifty gives a decisive breakdown below 24,430 and sustains below this level on the 5-minute chart, PE buying can be considered for a possible move towards 24,400, 24,370 and 24,330. On the other hand, if Nifty gives a 15-minute candle close above 24,500 and sustains above the level, the recovery may extend towards 24,550, 24,580 and 24,600. In that case, CE buying can be considered after confirmation on the 5-minute chart. 24,550–24,580 is an important resistance zone, while 24,400 is an important psychological support. My view: Nifty remains weak below 24,500, but I would avoid taking a trade inside the 24,430–24,500 range unless a clear breakout or breakdown occurs. I will wait for price confirmation rather than predicting the direction in advance. This is my personal market view for educational purposes and not a recommendation to buy or sell any security.