Nifty risks a fall to 24,000 if 24,300 support breaks: Analysts
The Nifty could remain volatile next week as geopolitical tensions in West Asia persist. The index closed near a key support zone of 24,400 on Friday, and a break below could drag it to 24,300, and then to 24,000, while a move above the 24,700–24,800 zone is needed to stabilise sentiment, analysts said.CHANDAN TAPARIA HEAD - DERIVATIVES & TECHNICALS, MOTILAL OSWAL FINANCIAL SERVICESWhere is Nifty headed? Nifty has been making lower top - lower bottom on weekly charts and corrected by more than 2,000 points from 26,341 to 24,305 in the last four weeks. Now till it holds below 24,700 zones, the immediate structure could remain weak to test the next meaningful support of 24,000–23,850 zones, while on the upside, hurdles are shifting lower at 24,700 and 24,850. Trading Strategies: The recommended strategy for Nifty Option for the next weekly, 17 March 2026, expiry is a Bear Put Spread. Traders are advised to buy one lot of 24,400 strike Put option and simultaneously Sell one lot of 24,000 strike Put option.