Nifty 50 Market outlook for Friday, 21 August

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Nifty 50 Market outlook for Friday, 21 August
Image credit: Tradingview
Source: Tradingview

Nifty 50 Market outlook for Friday, 21 August

📊 NIFTY50 1H – CHART ANALYSIS CMP: 24,232 🔻 Bias: Bearish 🔴 Resistance: 24,350–24,400 🟢 Support: 24,020–24,060 🎯 Major Support: 23,600–23,650 Price is consolidating near support after a sharp fall. A pullback toward 24,350–24,400 is possible, but rejection there can resume the downside. Below 24,020 → 23,650 Above 24,400 → bearish view weakens.

Key Points

  • 📊 NIFTY50 1H – CHART ANALYSIS CMP: 24,232 🔻 Bias: Bearish 🔴 Resistance: 24,350–24,400 🟢 Support: 24,020–24,060 🎯 Major Support: 23,600–23,650 Price is consolidating near support after a sharp fall.
  • A pullback toward 24,350–24,400 is possible, but rejection there can resume the downside.
  • Below 24,020 → 23,650 Above 24,400 → bearish view weakens.

Published: August 20, 2026 5:44 pm

Source: Tradingview

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