Nifty Weekly Outlook
Resistance: 26,310 | 26,450 | 26,650
Support: 25,940 | 25,800 | 25,700
This week, Nifty showed a strong bullish move and even broke its all-time high, reflecting strong momentum and continued buying interest. As mentioned earlier, Nifty remains bullish with no signs of weakness yet. The only concern is that it has still not given a clear close above the previous ATH, which is something to watch closely in the coming sessions.
If Nifty is unable to sustain above the ATH, it may retest near 25,940, which aligns as a strong support zone in the current market structure. Below this, the next important supports lie at 25,800 and 25,700.
On the upside, once Nifty crosses 26,300 convincingly, there is no major resistance or breaker ahead — and the index can stretch much higher. Above 26,300, my view is that Nifty can potentially move toward the 26,700–26,650 zone if momentum continues.
But remember — we follow the market; we do not predict. Market structure and price action guide our decisions. Staying adaptable, disciplined, and reactive is always better than trying to guess the top or bottom.
Wishing everyone a happy and relaxing weekend. Rest well and come back fresh for next week’s trading.
This is my view — share your thoughts. What do you think about Nifty’s next move?
Resistance: 26,310 | 26,450 | 26,650
Support: 25,940 | 25,800 | 25,700
This week, Nifty showed a strong bullish move and even broke its all-time high, reflecting strong momentum and continued buying interest. As mentioned earlier, Nifty remains bullish with no signs of weakness yet. The only concern is that it has still not given a clear close above the previous ATH, which is something to watch closely in the coming sessions.
If Nifty is unable to sustain above the ATH, it may retest near 25,940, which aligns as a strong support zone in the current market structure. Below this, the next important supports lie at 25,800 and 25,700.
On the upside, once Nifty crosses 26,300 convincingly, there is no major resistance or breaker ahead — and the index can stretch much higher. Above 26,300, my view is that Nifty can potentially move toward the 26,700–26,650 zone if momentum continues.
But remember — we follow the market; we do not predict. Market structure and price action guide our decisions. Staying adaptable, disciplined, and reactive is always better than trying to guess the top or bottom.
Wishing everyone a happy and relaxing weekend. Rest well and come back fresh for next week’s trading.
This is my view — share your thoughts. What do you think about Nifty’s next move?
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.