Nifty closed the week at 25910, posting a strong 418-point gain. Once the index sustained above 25600, it delivered a clean 400-point rally toward 26000, pulled back briefly, and regained strength to close near the highs.
Overall Bias: Mildly Bullish
As long as Nifty holds above 25600, the structure remains constructive.
However, expect volatility near 26000–26400.
📌 Key Levels for Next Week
Support: 25600 / 25400
Resistance: 26050 / 26400
Nifty is likely to stay within 25400–26400. A breakout on either side can trigger sharp directional moves.
Bullish sector themes: PSU Banks, Private Banks, Metals, Auto — ideal zones for swing traders.
BankNifty Update
BankNifty reclaimed 57900, extended a smooth upside move, hit all three bullish targets, and closed at a fresh all-time high of 58517.
If it sustains above 58615, upside zones open toward:
59267
60087 (Key Fibonacci level)
Continued strength here can act as a strong tailwind for Nifty’s next leg up.
S&P 500 Weekly View
S&P 500 closed flat at 6734, but the weekly structure still favors a bullish W-pattern.
Key Breakout Levels
Above 6869: Targets 6959 → 7000 → 7122
Below 6631: Trend weakens, downside opens toward 6350 / 6225
The index is at a decision point — a breakout or breakdown will set the tone globally.
Final Take
Markets are at crucial levels, and next week will decide who takes control — Bulls or Bears.
Which level do you think breaks first — 26400 or 25400?
Overall Bias: Mildly Bullish
As long as Nifty holds above 25600, the structure remains constructive.
However, expect volatility near 26000–26400.
📌 Key Levels for Next Week
Support: 25600 / 25400
Resistance: 26050 / 26400
Nifty is likely to stay within 25400–26400. A breakout on either side can trigger sharp directional moves.
Bullish sector themes: PSU Banks, Private Banks, Metals, Auto — ideal zones for swing traders.
BankNifty Update
BankNifty reclaimed 57900, extended a smooth upside move, hit all three bullish targets, and closed at a fresh all-time high of 58517.
If it sustains above 58615, upside zones open toward:
59267
60087 (Key Fibonacci level)
Continued strength here can act as a strong tailwind for Nifty’s next leg up.
S&P 500 Weekly View
S&P 500 closed flat at 6734, but the weekly structure still favors a bullish W-pattern.
Key Breakout Levels
Above 6869: Targets 6959 → 7000 → 7122
Below 6631: Trend weakens, downside opens toward 6350 / 6225
The index is at a decision point — a breakout or breakdown will set the tone globally.
Final Take
Markets are at crucial levels, and next week will decide who takes control — Bulls or Bears.
Which level do you think breaks first — 26400 or 25400?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.