NIFTY LEVELS REVIEW ๐
Today's session saw a sharp bearish move followed by a late recovery. ๐ฏ
๐ด NIFTY faced selling from the AS Zone and quickly broke below the AD Zone.
๐ The decline continued through the Downside Key Level at 24,209, pushing NIFTY into the Lower Extreme Range.
๐ข Buyers emerged near the lower Extreme Range and attempted a recovery during the afternoon.
๐ The late rebound lifted NIFTY back above the Downside Key Level, but the index remained well below the AD Zone, so the recovery is not yet confirmed.
๐ 24,209 is now the immediate support. Holding above it may lead to a recovery toward the AD Zone, while a break back below it could reopen downside pressure toward the Lower Extreme Range.
๐ฅ Today's structure: AS Rejection โ Breakdown โ Extreme Range Test โ Late Recovery.
1August 24, 2026 43
