Nifty analysis for 24 aug

weekly range for next week is 24500 - 23880

Nifty is not able to cross an important monthly resistance of 24333 , now **24025 **is a very crucial level, if this level breaks , a downmove till 23800 will openup. 24290 is a crucial weekly resistance for now.

Levels to watch for monday- for upside- 24270, for downside 24220

Breakout of 24270 : T1-24285( crucial resistance) , T2: 24305-24315 , T3- 24360

Breakdown of 24220: T1: 24195-24175 , T2: 24130

if range bound, range could be 24270- 24220

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