Nifty analysis (26-08-26)

today nifty was able to defend crucial weekly support of 24100, but gave closing above crucial weekly resistance of 24290 , to which it was defending since last 2 days. now the game has reversed.

also today a high= close daily candle has formed, which shows buyers aggression

for tomorrow 24290 is a very strong support, look for buying opportunity from this level

now 24360 is a weekly resistance, it can create a hurdle for nifty, its breakout will give T1 : 24390- 24425 , T2- 24500, T3- 24550

in any adverse conditions if there is a gap down opening , look for downside trades only if 24160 is precisely broken down

24160- 24290 is the range where nifty can remain if there has to be a range bound session tomorrow