Nifty September 1st Week Analysis

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Nifty September 1st Week AnalysisNifty 50 IndexNSE:NIFTYIshanMathur05Nifty closing at 24,175 is neither bullish nor bearish. Currently, it is hard to understand how Nifty will move in the upcoming week. But if I have to take a side, I would suggest a green bar on the weekly timeframe by the end of this week. If we observe both the bull and bear case scenarios: Bull Case – If Nifty is able to cross and sustain above 24,263, then we can expect momentum to continue up to the resistance zone of 24,637. Bear Case – If Nifty breaches the support range of 24,083 to 23,976, then we can expect high volatility and there are good chances of a retracement up to 23,600. All levels are marked in the chart posted.