Nifty 50 at a Turning Point? Key Levels & Market Outlook Ahead

The Nifty 50 ended the week at 25,327.05, gaining +0.85%.

Key Levels for the Upcoming Week
Price Action Pivot Zone:
25,248 to 25,407 – This range is crucial for identifying potential trend continuation or reversal. A move outside this zone could set the directional tone for the coming sessions.

Support Levels:

• Support 1 (S1): 25,011
  
• Support 2 (S2): 24,694
  
• Support 3 (S3): 24,355
  
  Resistance Levels:
• Resistance 1 (R1): 25,647
  
• Resistance 2 (R2): 25,984
  
• Resistance 3 (R3): 26,320
  
  Market OutlookBullish Scenario:
  A sustained move above 25,407 (top of the pivot zone) may attract buying interest. If momentum builds, the index could test R1 (25,647), and potentially advance towards R2 (25,984) and R3 (26,320).
  
  Bearish Scenario:
  Failure to hold above 25,248 (bottom of the pivot zone) may lead to downside pressure. In such a case, Nifty may move towards S1 (25,011), and deeper support levels like S2 (24,694) and S3 (24,355)
  
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