NIFTY JUNE 3RD WEEK ANALYSIS

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NIFTY JUNE 3RD WEEK ANALYSISNifty 50 IndexNSE:NIFTYIshanMathur05Nifty is looking interesting on the charts. While observing the charts, I noticed that it has been consolidating in this range for the past 4 weeks. Hence, the upcoming week could be a decisive one for Nifty as it concludes its consolidation and attempts a make-or-break move from this range.Bulls – If Nifty crosses and sustains above 24,280–24,320, we can expect the upside momentum to continue towards 24,700 and beyond.Bears – If Nifty breaches the immediate support of 24,129, it could turn highly volatile, with a maximum retracement expected down to 23,620. All key levels are marked in the chart posted.