Immediate Support
24,200 – 24,100
Important short-term support zone.
Buyers are expected to defend this area.
Strong Support Zone
23,900 – 23,750
If this breaks, broader weakness can enter the market.
Immediate Resistance
24,450 – 24,550
Current breakout zone.
NIFTY needs strong closing above this level for continuation.
Upside Targets
24,800
25,000
Extended swing target near 25,300
Market Structure
Bullish Case
If NIFTY:
holds above 24,200
and breaks 24,550
Then upside momentum may continue toward:
24,800
25,000
25,300
Bearish Case
If NIFTY:
breaks below 24,100
Then downside levels become:
23,900
23,750
What to Watch This Week
1. BANKNIFTY Direction
NIFTY Bank strength usually drives NIFTY momentum.
2. FIIs & Global Markets
US market trend
Bond yields
Dollar Index
Crude oil movement
These can heavily impact weekly sentiment.
3. IT & Banking Stocks
Watch leaders like:
HDFC Bank
ICICI Bank
Reliance Industries
Infosys
24,200 – 24,100
Important short-term support zone.
Buyers are expected to defend this area.
Strong Support Zone
23,900 – 23,750
If this breaks, broader weakness can enter the market.
Immediate Resistance
24,450 – 24,550
Current breakout zone.
NIFTY needs strong closing above this level for continuation.
Upside Targets
24,800
25,000
Extended swing target near 25,300
Market Structure
Bullish Case
If NIFTY:
holds above 24,200
and breaks 24,550
Then upside momentum may continue toward:
24,800
25,000
25,300
Bearish Case
If NIFTY:
breaks below 24,100
Then downside levels become:
23,900
23,750
What to Watch This Week
1. BANKNIFTY Direction
NIFTY Bank strength usually drives NIFTY momentum.
2. FIIs & Global Markets
US market trend
Bond yields
Dollar Index
Crude oil movement
These can heavily impact weekly sentiment.
3. IT & Banking Stocks
Watch leaders like:
HDFC Bank
ICICI Bank
Reliance Industries
Infosys
Related publications
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.
Related publications
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.
