Nifty Weekly Outlook – Range Holds, Big Moves Loading?

Nifty closed the week at 26186, barely 20 points below the previous close — a classic sign of consolidation before a potential breakout. The index formed a long-legged bearish Hanging Man candle, making this week’s high (26325) and low (25891) the key trigger levels to watch.

Once again, Nifty respected my broader range of 26700–25700, showing how well the levels continue to hold.

Nifty: Key Levels for Next Week

Bullish Trigger: Sustaining above 26325

Target 1: 26492 (Important Fibonacci level)

Target 2: 26650 (Major resistance — tough to break)

Bearish Trigger: Only if 25891 breaks

Support 1: 25750 – bulls’ critical line of defence

Expected Range: 26650–25750

Bank Nifty: At a Critical Juncture

Bank Nifty ended the week slightly below the key Fibonacci + psychological level of 60087.

Next Week Watchlist

Above 60100:

Resistance zones: 60750 / 60800

Also becomes supportive for Nifty bulls

Below Friday’s low (59106):

Expect downward pressure

Support: 58700

Expected Range: 60800–58700

Macro Trigger: RBI + Liquidity Wave

If strong positive cues like:

RBI’s expected 25 bps rate cut

OMO purchases of ₹1 lakh crore (11 & 18 Dec)

USD/INR 3-year Buy-Sell swap worth $5B (16 Dec)
→ inject liquidity and still Nifty fails to move higher…

…then something is wrong, and bulls must stay extremely cautious.

S&P 500 Outlook: Bulls Still in Control

After last week’s bullish Marubozu, S&P500 added another 20 points.

Key Levels

Above 6882:

Upside targets: 6930 / 7009 / 7026 (major fib confluence)

Below 6727:

Only a daily close under this level weakens the structure.

Bonus Monday Tip

Just like last week’s bonus call…
26350 will once again be a tough level for Nifty to break.

🙏 Be Good, Do Good