Nifty Outlook for August 19: 24,000 next level of support as bears take grip

The Nifty settled near the 24,150 mark on Tuesday, down 0.55% after a sixth straight losing session. Analysts said the 24,030-24,000 zone is expected to act as a key support area. If the index falls below 24,000, selling pressure could trigger a deeper correction towards 23,850 as global cues remain weak.