nifty index below major resisstance next support marked below

Nifty Technical Outlook – August

The Nifty has broken below the key support level of 24,689, indicating potential weakness in the near term. The next significant support is seen at 24,357, which could be tested during the month of August if bearish momentum continues.

On the flip side, if the index reclaims and sustains above 24,689, it may trigger a major upswing, opening the path for a bullish reversal. Traders should closely monitor price action near this resistance zone for possible breakout opportunities.