Nifty Intraday Analysis for 17th August 2026

NSE:NIFTY Index will be range bound as long as it is in the 24250 - 24500 range and trend will emerge on either side when index will break the range. The upward movement may lead to 24600 – 24650 resistance range and if the index crosses and sustains above this level then may reach near 24850 – 24900 range. On the contrary, The downward moment may drag the Index to 24150 – 24100 support range in downward momentum and if this support is broken then index may tank near 23900 – 23850 range.