The Nifty 50 ended the week at 25,149.85, posting a loss of -1.22%.
🔹 Key Levels for the Upcoming Week
📌 Price Action Pivot Zone:
24,889 to 25,048 – This is a crucial range to monitor for potential trend reversals or continuation. A breakout or breakdown from this zone can set the tone for the week.
🔻 Support Levels:
S1: 24,654
S2: 24,340
S3: 24,040
🔺 Resistance Levels:
R1: 25,286
R2: 25,604
R3: 25,910
📈 Market Outlook
✅ Bullish Scenario:
A sustained move above 25,048 (top of the pivot zone) may invite buying interest. If momentum continues, the index could test R1 (25,286) and possibly extend towards R2 (25,604) and R3 (25,910).
❌ Bearish Scenario:
Failure to hold the pivot zone and a breakdown below 24,889 could trigger further downside. The index may slide towards S1 (24,654) and deeper supports at S2 (24,340) and S3 (24,040).
Disclaimer: lnkd.in/gJJDnvn2
🔹 Key Levels for the Upcoming Week
📌 Price Action Pivot Zone:
24,889 to 25,048 – This is a crucial range to monitor for potential trend reversals or continuation. A breakout or breakdown from this zone can set the tone for the week.
🔻 Support Levels:
S1: 24,654
S2: 24,340
S3: 24,040
🔺 Resistance Levels:
R1: 25,286
R2: 25,604
R3: 25,910
📈 Market Outlook
✅ Bullish Scenario:
A sustained move above 25,048 (top of the pivot zone) may invite buying interest. If momentum continues, the index could test R1 (25,286) and possibly extend towards R2 (25,604) and R3 (25,910).
❌ Bearish Scenario:
Failure to hold the pivot zone and a breakdown below 24,889 could trigger further downside. The index may slide towards S1 (24,654) and deeper supports at S2 (24,340) and S3 (24,040).
Disclaimer: lnkd.in/gJJDnvn2
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.