Nifty weak after failed retest – Key supports at 24,900–24,800

📉 Nifty Outlook – Breakdown After Failed Retest

Nifty tried to retest the breakout zone of 25,150–25,250, but failed to hold above it. This rejection has shifted the structure towards weakness, and the index may now revisit crucial lower levels.

🔴 Failed Retest – A Bearish Signal

The zone of 25,150–25,250 was earlier acting as a breakout area. A successful retest would have confirmed strength for higher levels. However, Nifty failed to sustain, which indicates that buyers are losing control near this resistance.

📉 Next Support – Trendline Breakout Zone

The immediate support lies in the 24,900–24,800 band, which coincides with the earlier trendline breakout zone. If Nifty can stabilize here, a short-term bounce may still be possible.

⚠️ Deeper Downside Risk

If the 24,900–24,800 zone is broken on the downside, then the structure opens up for a deeper correction. In such a case, levels of 24,500–24,300 become very much possible in the coming sessions.

✅ Summary

Resistance rejected at 25,150–25,250

Weakness likely unless Nifty reclaims this zone

Supports at 24,900–24,800, below which 24,500–24,300 may come into play.