NIFTY SEPTEMBER 2ND WEEK ANALYSISNifty 50 IndexNSE:NIFTYIshanMathur05Nifty’s weekly closing at 23,897 is clearly in favor of the bears. However, in the upcoming week we should expect high volatility, and Nifty might complete the ongoing retracement. Due to the expected volatility, we should analyze both the bull and bear case scenarios: BULL CASE – If Nifty is able to reclaim 24,000–24,071, then we can expect the upside to resume. This upmove would face resistance near the 24,332–24,432 zone. BEAR CASE – If Nifty continues the ongoing retracement and breaches 23,791, then we can expect further retracement up to the 23,570–23,430 zone. All levels are marked in the chart posted.