The Nifty 50 Index last week ended at 25,722.10, posting a -0.28% decline. The index showed mild profit-booking near resistance after a sharp rally in recent weeks, suggesting a potential consolidation phase before the next directional move.
🔹 Key Levels for the Upcoming Week
📌 Price Action Pivot Zone:
25,642 to 25,803 – This blue-shaded zone represents the key decision area. Sustaining above this range may attract renewed buying interest, while a breakdown below could trigger short-term profit booking.
🔻 Support Levels:
S1: 25,403
S2: 25,084
S3: 24,791
🔺 Resistance Levels:
R1: 26,045
R2: 26,368
R3: 26,680
📈 Market Outlook
✅ Bullish Scenario:
If Nifty holds above 25,803, a breakout move could lift the index toward R1 (26,045). Sustained momentum above this level may extend gains toward R2 (26,368) and R3 (26,680) in the coming sessions.
❌ Bearish Scenario:
If the index slips below 25,642, short-term weakness could drag it toward S1 (25,403), followed by S2 (25,084) and S3 (24,791).
Disclaimer: lnkd.in/ge86Wx-X
🔹 Key Levels for the Upcoming Week
📌 Price Action Pivot Zone:
25,642 to 25,803 – This blue-shaded zone represents the key decision area. Sustaining above this range may attract renewed buying interest, while a breakdown below could trigger short-term profit booking.
🔻 Support Levels:
S1: 25,403
S2: 25,084
S3: 24,791
🔺 Resistance Levels:
R1: 26,045
R2: 26,368
R3: 26,680
📈 Market Outlook
✅ Bullish Scenario:
If Nifty holds above 25,803, a breakout move could lift the index toward R1 (26,045). Sustained momentum above this level may extend gains toward R2 (26,368) and R3 (26,680) in the coming sessions.
❌ Bearish Scenario:
If the index slips below 25,642, short-term weakness could drag it toward S1 (25,403), followed by S2 (25,084) and S3 (24,791).
Disclaimer: lnkd.in/ge86Wx-X
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.