The Nifty 50 opened with a gap-up of 412.10 points (1.72%) and ended the week at 25,019.80 with a gain of (4.21%)
If Nifty sustains below 24,941, selling pressure may increase. However, a move above 25,100, could restore bullish momentum.
Key Levels for the Upcoming Week
🔹 Price Action Pivot Zone:
The crucial range to watch for potential trend reversals or continuation is 24,941 -25,100.
🔹 Support & Resistance Levels:
Support:
S1: 24,706
S2: 24,391
S3: 24,004
Resistance:
R1: 25,338
R2: 25,657
R3: 25,910
Market Outlook
✅ Bullish Scenario: A sustained breakout above 25,100 could attract buying momentum, driving Nifty towards R1 (25,338) and beyond.
❌ Bearish Scenario: A drop below 24,941 may trigger selling pressure, pushing Nifty towards S1 (24.706) or lower.
Disclaimer: lnkd.in/gJJDnvn2
If Nifty sustains below 24,941, selling pressure may increase. However, a move above 25,100, could restore bullish momentum.
Key Levels for the Upcoming Week
🔹 Price Action Pivot Zone:
The crucial range to watch for potential trend reversals or continuation is 24,941 -25,100.
🔹 Support & Resistance Levels:
Support:
S1: 24,706
S2: 24,391
S3: 24,004
Resistance:
R1: 25,338
R2: 25,657
R3: 25,910
Market Outlook
✅ Bullish Scenario: A sustained breakout above 25,100 could attract buying momentum, driving Nifty towards R1 (25,338) and beyond.
❌ Bearish Scenario: A drop below 24,941 may trigger selling pressure, pushing Nifty towards S1 (24.706) or lower.
Disclaimer: lnkd.in/gJJDnvn2
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.