Nifty Index Consolidates in Narrow Range Amid Selective Buying

The Nifty index closed lower after trading within a tight band, with technical indicators pointing to support at 23,900–24,000 and continued caution among investors.

30 Aug, 06:21 — 30 Aug, 06:21

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economic-times21h ago

Nifty weekly outlook: Nifty trapped in 23,900-24,750 range; fresh buying should remain selective

Nifty ended the week lower after consolidating in a narrow range, with the broader technical structure remaining unchanged. The index moved between 24,076.85 and 24,378.60, while India VIX declined 4.64% to 10.68. Support remains at 23,900–24,000, while a cluster of moving averages continues to cap upside in the 24,400–24,750 zone.

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Nifty Index Consolidates in Narrow Range Amid Selective Buying

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Nifty weekly outlook: Nifty trapped in 23,900-24,750 range; fresh buying should remain selective

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