The Nifty 50 ended the week at 24,870.10, gaining +0.97%.
🔹 Key Levels for the Upcoming Week
📌 Price Action Pivot Zone:
24,792 to 24,949 – This is the critical zone to watch. A decisive move beyond either side may dictate next week’s trend.
🔻 Support Levels
S1: 24,553
S2: 24,236
S3: 23,936
🔺 Resistance Levels
R1: 25,187
R2: 25,505
R3: 25,887
📊 Candle Observation:
The last weekly candle formed a red body with a long lower shadow, showing that although bears dominated early in the week, strong buying support emerged near the lows. This wick-based recovery signals demand at lower levels, keeping the support zones (24,553–24,236) important for the coming sessions.
📰 Sentiment Check (Last Week):
The Nifty opened the week with a gap-up, supported by global cues and positive sentiment around the Trump–Putin meeting, which was seen as a potential step toward easing geopolitical tensions.
However, mid-week profit booking dragged the index down, before buyers stepped back in from lower supports, leaving a long lower wick on the weekly candle.
This shows underlying resilience, though the market remains sensitive to global political developments.
📈 Market Outlook
✅ Bullish Scenario:
If Nifty sustains above 24,949, buying momentum could build, aiming for R1 (25,187). A strong breakout above this may push prices towards R2 (25,505) and R3 (25,887).
❌ Bearish Scenario:
If the index breaks below 24,792, selling pressure may return. This could drag Nifty towards S1 (24,553), and further down to S2 (24,236) and S3 (23,936).
📌 Sentiment Outlook:
Nifty is showing resilience with support at lower levels, but for a strong bullish confirmation, it needs to sustain above the 24,949 pivot zone. Global cues, especially political events, may continue to influence short-term moves.
Disclaimer: lnkd.in/gJJDnvn2
🔹 Key Levels for the Upcoming Week
📌 Price Action Pivot Zone:
24,792 to 24,949 – This is the critical zone to watch. A decisive move beyond either side may dictate next week’s trend.
🔻 Support Levels
S1: 24,553
S2: 24,236
S3: 23,936
🔺 Resistance Levels
R1: 25,187
R2: 25,505
R3: 25,887
📊 Candle Observation:
The last weekly candle formed a red body with a long lower shadow, showing that although bears dominated early in the week, strong buying support emerged near the lows. This wick-based recovery signals demand at lower levels, keeping the support zones (24,553–24,236) important for the coming sessions.
📰 Sentiment Check (Last Week):
The Nifty opened the week with a gap-up, supported by global cues and positive sentiment around the Trump–Putin meeting, which was seen as a potential step toward easing geopolitical tensions.
However, mid-week profit booking dragged the index down, before buyers stepped back in from lower supports, leaving a long lower wick on the weekly candle.
This shows underlying resilience, though the market remains sensitive to global political developments.
📈 Market Outlook
✅ Bullish Scenario:
If Nifty sustains above 24,949, buying momentum could build, aiming for R1 (25,187). A strong breakout above this may push prices towards R2 (25,505) and R3 (25,887).
❌ Bearish Scenario:
If the index breaks below 24,792, selling pressure may return. This could drag Nifty towards S1 (24,553), and further down to S2 (24,236) and S3 (23,936).
📌 Sentiment Outlook:
Nifty is showing resilience with support at lower levels, but for a strong bullish confirmation, it needs to sustain above the 24,949 pivot zone. Global cues, especially political events, may continue to influence short-term moves.
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.