Nifty Outlook for August 11: Can index break past 24,800 hurdle this week?

The Nifty is expected to remain positive as long as it sustains above the previous breakout support zone of 24,300-24,400. Nagaraj Shetti of HDFC Securities expects any further weakness to provide a buying opportunity, while a decisive breakout above 24,775 could trigger a sharp near-term upmove.

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