Nifty Weekly Outlook: Holding the Line or Breaking Below?

The Nifty 50 ended the week at 24,363.30, registering a decline of -0.82%.

🔹 Key Levels for the Upcoming Week
📌 Price Action Pivot Zone:
24,300 to 24,460 – This blue-highlighted range acts as a crucial pivot zone. Price movement above or below this area will help determine whether bulls or bears take control next week.

🔻 Support Levels
Support 1 (S1): 24,053
Support 2 (S2): 23,743
Support 3 (S3): 23,425

🔺 Resistance Levels
Resistance 1 (R1): 24,677
Resistance 2 (R2): 24,991
Resistance 3 (R3): 25,333

📈 Market Outlook
✅ Bullish Scenario:
If Nifty holds above 24,460, and gains strength above 24,677, we may see renewed buying. Sustained bullishness can lead to targets of 24,991 (R2) and 25,333 (R3).
❌ Bearish Scenario:
Failure to stay above 24,300 may drag the index lower. If selling pressure intensifies, it could slip toward 24,053 (S1) and possibly 23,743 (S2) and 23,425 (S3)

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