Nifty Weekly Expiry — Key Levels 📊
Today is Nifty’s weekly expiry, but the 23,950–24,000 zone remains a strong support area based on both the technical chart and Option Chain data.
At 24,000, around 5 lakh Put contracts have been added, taking the total Put OI to approximately 6.57 lakh contracts. This could act as a major support zone.
On the upside, 24,100–24,200 is likely to act as a major resistance zone:
• 24,100: Total Call OI ~4.34 lakh contracts
• 24,200: Total Call OI ~3.54 lakh contracts
For a fresh upside move, Nifty needs to break and sustain above 24,220–24,240.
Until then, the index could continue to remain within the current consolidation range.
Key levels:
🟢 23,950–24,000 → Strong Support
🔴 24,100–24,200 → Major Resistance
🚀 24,220–24,240+ → Breakout Zone
September 1, 2026 52
