Neutral impactEconomy
Nifty Outlook for Sept 2: Can index hold 24,000 support or slip to 23,800? Analysts decode next move
CNBC-TV18 1 hr ago·1 Sept 2026, 2:39 pm
The Nifty 50 index is currently at a critical juncture, with market participants closely watching whether it can maintain its position above the 24,000 support level or slip back towards the 23,800 mark. The index recently showed signs of resilience, recovering over 100 points in the final hour of trading and gaining an additional 70 points during the closing auction session settlement. This recovery helped the index close above the crucial 24,000 mark, suggesting that selling pressure might be easing.
For investors, this technical battle between support and resistance levels is significant as it sets the tone for the upcoming trading sessions. A firm hold above 24,000 could signal a potential continuation of the current uptrend, while a decisive break below 23,800 might trigger further selling. Market experts are advising investors to monitor the index's movement closely, as the outcome of this technical test will likely determine the next phase of the market's trajectory.
Excerpt from CNBC-TV18
Nifty recovered more than 100 points in the final hour, while the closing auction session (CAS) settlement added over 70 points, helping the index close above the crucial 24,000 mark. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or…Read the original at CNBC-TV18
Key takeaways
- Category: Economy.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update worth tracking. Use the price and stock snapshot to gauge how the market is responding.
