The Nifty 50 ended the week at 24,894.25, gaining +0.97%.
🔹 Key Levels for the Upcoming Week
📌 Price Action Pivot Zone:
24,816 to 24,973 – This blue-shaded zone will act as a crucial decision-making area. A breakout on either side could define the next directional move.
🔻 Support Levels:
Support 1 (S1): 24,580
Support 2 (S2): 24,267
Support 3 (S3): 24,005
🔺 Resistance Levels:
Resistance 1 (R1): 25,212
Resistance 2 (R2): 25,529
Resistance 3 (R3): 25,795
Market Outlook
✅ Bullish Scenario:
If Nifty sustains above the pivot zone high of 24,973, it could extend its upward momentum toward R1 (25,212), followed by R2 (25,529) and R3 (25,795).
❌ Bearish Scenario:
A breakdown below the pivot low of 24,816 could trigger selling pressure. On the downside, the index may test S1 (24,580), and further weakness could drag it toward S2 (24,267) and S3 (24,005).
Disclaimer: tinyurl.com/59ypbsrh
🔹 Key Levels for the Upcoming Week
📌 Price Action Pivot Zone:
24,816 to 24,973 – This blue-shaded zone will act as a crucial decision-making area. A breakout on either side could define the next directional move.
🔻 Support Levels:
Support 1 (S1): 24,580
Support 2 (S2): 24,267
Support 3 (S3): 24,005
🔺 Resistance Levels:
Resistance 1 (R1): 25,212
Resistance 2 (R2): 25,529
Resistance 3 (R3): 25,795
Market Outlook
✅ Bullish Scenario:
If Nifty sustains above the pivot zone high of 24,973, it could extend its upward momentum toward R1 (25,212), followed by R2 (25,529) and R3 (25,795).
❌ Bearish Scenario:
A breakdown below the pivot low of 24,816 could trigger selling pressure. On the downside, the index may test S1 (24,580), and further weakness could drag it toward S2 (24,267) and S3 (24,005).
Disclaimer: tinyurl.com/59ypbsrh
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.