The Nifty 50 ended the week at 25,709.85, gaining +1.68%.
🔹 Key Levels for the Upcoming Week
📌 Price Action Pivot Zone:
25,630 to 25,791 – This blue-shaded range will act as the critical zone. A breakout or breakdown from this area may determine the next directional move.
🔻 Support Levels:
S1: 25,391
S2: 25,073
S3: 24,730
🔺 Resistance Levels:
R1: 26,033
R2: 26,355
R3: 26,715
📈 Market Outlook
✅ Bullish Scenario:
If Nifty sustains above the pivot zone high of 25,791, buyers may take control, pushing the index toward R1 (26,033), with potential upside targets at R2 (26,355) and R3 (26,715).
❌ Bearish Scenario:
If the index slips below the pivot zone low of 25,630, it may witness profit booking or selling pressure. In that case, Nifty could move toward S1 (25,391) and possibly extend losses to S2 (25,073) and S3 (24,730).
Disclaimer: tinyurl.com/59ypbsrh
🔹 Key Levels for the Upcoming Week
📌 Price Action Pivot Zone:
25,630 to 25,791 – This blue-shaded range will act as the critical zone. A breakout or breakdown from this area may determine the next directional move.
🔻 Support Levels:
S1: 25,391
S2: 25,073
S3: 24,730
🔺 Resistance Levels:
R1: 26,033
R2: 26,355
R3: 26,715
📈 Market Outlook
✅ Bullish Scenario:
If Nifty sustains above the pivot zone high of 25,791, buyers may take control, pushing the index toward R1 (26,033), with potential upside targets at R2 (26,355) and R3 (26,715).
❌ Bearish Scenario:
If the index slips below the pivot zone low of 25,630, it may witness profit booking or selling pressure. In that case, Nifty could move toward S1 (25,391) and possibly extend losses to S2 (25,073) and S3 (24,730).
Disclaimer: tinyurl.com/59ypbsrh
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.