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)
Disclaimer: lnkd.in/gJJDnvn2
🔹 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)
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.