Nifty rose on Aug 30 with an upgap and closed at record highs. In the process, it formed a doji like pattern. On weekly charts, Nifty rose 1.66%, while on monthly charts it rose 1.14%. On monthly charts, Nifty has formed a hanging man type pattern, suggesting possibility of a reversal in the coming month.  Nifty could take support from 24971 while 25400 on the upside could prove to be a resistance in the near term. The softer than expected India GDP number could dampen spirits somewhat on Monday morning even as the US markets will remained closed on Monday due to labour day holiday.