Nifty looks like a strong buying opportunity in the 23,766–23,800 zone.
Why?
• This area acts as a gap-fill zone and retest support.
• Put writing is active around 23,800, which could provide support and trigger an upward push.
• PCR at 0.68 is at a comfortable level, indicating a relatively balanced setup.
If the 23,766–23,800 support zone holds, Nifty could potentially move towards 24,000–24,200.
Key Zone: 23,766–23,800 → Buy Zone | Targets: 24,000 / 24,200
1September 2, 2026 55
