Nifty likely to trade in a range; 23,800 a key breakout hurdle

Nifty is expected to trade rangebound with a mild bullish undertone this week, consolidating amid mixed cues. Analysts see 23,800-24,000 as a key hurdle, with 23,150-23,250 acting as support. A breakout above 24,000 could trigger a rally towards 24,600, while a break below support may lead to further declines.