The Nifty 50 ended the week at 24,741.00, gaining +1.29%.
🔹 Key Levels for the Upcoming Week
📌 Price Action Pivot Zone:
24,663 to 24,820 – This is the critical zone to watch. A decisive move beyond either side may dictate next week’s trend.
🔻 Support Levels
S1: 24,425
S2: 24,109
S3: 23,873
🔺 Resistance Levels
R1: 25,058
R2: 25,374
R3: 25,594
📈 Market Outlook
✅ Bullish Scenario:
If Nifty sustains above 24,820, buying momentum could build, aiming for R1 (25,058). A strong breakout above this may push prices towards R2 (25,374) and R3 (25,594).
❌ Bearish Scenario:
If the index breaks below 24,663, selling pressure may return. This could drag Nifty towards S1 (24,425) and further down to S2 (24,109) and S3 (23,873).
Disclaimer: lnkd.in/gJJDnvn2
🔹 Key Levels for the Upcoming Week
📌 Price Action Pivot Zone:
24,663 to 24,820 – This is the critical zone to watch. A decisive move beyond either side may dictate next week’s trend.
🔻 Support Levels
S1: 24,425
S2: 24,109
S3: 23,873
🔺 Resistance Levels
R1: 25,058
R2: 25,374
R3: 25,594
📈 Market Outlook
✅ Bullish Scenario:
If Nifty sustains above 24,820, buying momentum could build, aiming for R1 (25,058). A strong breakout above this may push prices towards R2 (25,374) and R3 (25,594).
❌ Bearish Scenario:
If the index breaks below 24,663, selling pressure may return. This could drag Nifty towards S1 (24,425) and further down to S2 (24,109) and S3 (23,873).
Disclaimer: lnkd.in/gJJDnvn2
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.