The Nifty 50 Index last week ended at 25,722.10, posting a -0.28% decline. The index showed mild profit-booking near resistance after a sharp rally in recent weeks, suggesting a potential consolidation phase before the next directional move.
🔹 Key Levels for the Upcoming Week
📌 Price Action Pivot Zone:
25,642 to 25,803 – This blue-shaded zone represents the key decision area. Sustaining above this range may attract renewed buying interest, while a breakdown below could trigger short-term profit booking.
🔻 Support Levels:
S1: 25,403
S2: 25,084
S3: 24,791
🔺 Resistance Levels:
R1: 26,045
R2: 26,368
R3: 26,680
📈 Market Outlook
✅ Bullish Scenario:
If Nifty holds above 25,803, a breakout move could lift the index toward R1 (26,045). Sustained momentum above this level may extend gains toward R2 (26,368) and R3 (26,680) in the coming sessions.
❌ Bearish Scenario:
If the index slips below 25,642, short-term weakness could drag it toward S1 (25,403), followed by S2 (25,084) and S3 (24,791).
Disclaimer: lnkd.in/ge86Wx-X
🔹 Key Levels for the Upcoming Week
📌 Price Action Pivot Zone:
25,642 to 25,803 – This blue-shaded zone represents the key decision area. Sustaining above this range may attract renewed buying interest, while a breakdown below could trigger short-term profit booking.
🔻 Support Levels:
S1: 25,403
S2: 25,084
S3: 24,791
🔺 Resistance Levels:
R1: 26,045
R2: 26,368
R3: 26,680
📈 Market Outlook
✅ Bullish Scenario:
If Nifty holds above 25,803, a breakout move could lift the index toward R1 (26,045). Sustained momentum above this level may extend gains toward R2 (26,368) and R3 (26,680) in the coming sessions.
❌ Bearish Scenario:
If the index slips below 25,642, short-term weakness could drag it toward S1 (25,403), followed by S2 (25,084) and S3 (24,791).
Disclaimer: lnkd.in/ge86Wx-X
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.