Nifty Consolidation Likely Below 24,800; Support at 24,400

The Nifty 50 remained range-bound, closing 0.27% lower on August 7. Experts say consolidation may continue below the 24,700–24,800 zone, with support at 24,400–24,300. A decisive move above 24,800 could push the index toward 25,000–25,200. Key options data shows maximum Call open interest at 24,600 strike.