The Nifty 50 opened with a gap-up of 30.95 points (0.13%) and ended the week at 24,346.70 with a gain of (1.28%)
If Nifty sustains below 24,369, selling pressure may increase. However, a move above 24,426, could restore bullish momentum.
Key Levels for the Upcoming Week
🔹 Price Action Pivot Zone:
The crucial range to watch for potential trend reversals or continuation is 24,369 -24,426.
🔹 Support & Resistance Levels:
Support:
Resistance:
Market Outlook
✅ Bullish Scenario: A sustained breakout above 24,426 could attract buying momentum, driving Nifty towards R1 (24,661) and beyond.
❌ Bearish Scenario: A drop below 24,369 may trigger selling pressure, pushing Nifty towards S1 (24.037) or lower.
If Nifty sustains below 24,369, selling pressure may increase. However, a move above 24,426, could restore bullish momentum.
Key Levels for the Upcoming Week
🔹 Price Action Pivot Zone:
The crucial range to watch for potential trend reversals or continuation is 24,369 -24,426.
🔹 Support & Resistance Levels:
Support:
- S1: 24,037
- S2: 23,427
- S3: 23,144
Resistance:
- R1: 24,661
- R2: 24,975
- R3: 25,334
Market Outlook
✅ Bullish Scenario: A sustained breakout above 24,426 could attract buying momentum, driving Nifty towards R1 (24,661) and beyond.
❌ Bearish Scenario: A drop below 24,369 may trigger selling pressure, pushing Nifty towards S1 (24.037) or lower.
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.