Nifty September 3rd Week Analysis.

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Nifty September 3rd Week Analysis.Nifty 50 IndexNSE:NIFTYIshanMathur05Nifty remained bearish throughout last week. The close at 23,398 is crucial. In the upcoming week, we can expect high volatility, but the chances of further retracement look bleak. Due to this volatility, we can expect big swings. Analyzing the bull and bear case scenarios: Bulls – If Nifty is able to cross and sustain above 23,490 and 23,600, we can expect further upward movement until it faces strong resistance at 24,000. Bears – If Nifty slips below the important support range of 23,255–23,148, we can expect further retracement and a swing down to 22,810. All levels are marked in the chart posted.