Nifty 50 Weekly Analysis [24 - 28 August, 2026]

Probable Price Structure and Scenario Analysis for the Nifty 50 NSE:NIFTY Index. The analysis is restricted to the week of 24 - 28 August, 2026. 🟢 Bullish Scenario Presently, there is no bullish scenario. Firstly, for a bullish setup, the price must sustain above 24300 for at least 1 hour. In this case, bullishness will emerge. Also, if the price remains above 24300, then do not short. Stick to finding bullish opportunities only. The probable bullish targets above 24300 would be - 24350, 24400, 24450, and 24500. There is a strong resistance zone (SRZ) in the region of (24500 - 24450). Lastly, if the price effectively breaks out above the SRZ, then very strong bullishness will emerge. In this case, the price might reach 24600. 🔴 Bearish Scenario Presently, the price is in a bearish to indecision zone. However, if the price sustains below 24200 for at least 1 hour with a proper exclusive red candle, then bearishness will emerge. Also, if the price stays below 24200, then think of executing only bearish trades. The probable bearish targets below 24200 would be - 24150, 24100, 24050, and 24000. There is a strong support zone (SSZ) in the region of (24000 - 24050). Lastly, if the price decisively breaks down below 24000, then the price might go down to 23900. 🟡 No Trading Zone (NTZ): (24300 - 24200). ⏺ Range of Consolidation (ROC): (24500 - 24000). Here, 24250 is the median of the ROC. The median works like a trading session sentiment evaluator. The price trading above the median would offer bullish sentiment, while the price trading below the median would trigger bearish sentiment within the ROC. ● Event There is no major event or holiday this week. But geopolitical issues are omnipresent and beyond our control. ● Intraday, Weekly, and Monthly Bias Establish bias with respect to the opening price (of the particular session - Intraday, Weekly, and Monthly). If the price sustains above the opening price, then don't think of shorting. Look for bullish trades only. On the contrary, if the price sustains below the opening price, then don't think of going long. Look for bearish trades in that case. ● Disclaimer + End Note - All the analyses would fail in the case of a major gap up, gap down, or price structure anomaly. Thus, practice PRAGMATISM in the live session. - Trade only if there is a set-up. Remember, not trading is an extension of the trading activity. - Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Thus, trade what you see, not what you believe. - Always PRACTICE RISK MANAGEMENT. Always PROTECT YOUR CAPITAL. Be RESPONSIBLE. - Be Strategic. Be Courageous. Be Patient. Be Wise. - Every day is a new day. Thus, do not carry the baggage of past successes or failures. Leave the gardens of winning and losing. Establish yourself in equanimity. Always think from a new perspective. - Let the joy of trading drive your effectiveness, not greed or fear. Believe in Possibilities. Happy Trading!