Nifty Range-Bound Below 24,700-24,800 Resistance

The Nifty 50 ended flat on August 5, defending the 24,600 level, as consolidation persists. Experts say range-bound movement will continue below the 24,700-24,800 resistance zone, with support at 24,500-24,400. A decisive break below support could strengthen bears, while a move above resistance may target 25,000. Technical indicators remain supportive, with stable crude oil prices and subdued India VIX.