Nifty closed the week at 25,966, down 80 points from the previous week. The index made a high of 26,047 and a low of 25,726. As discussed earlier, Nifty once again failed to sustain above 26,150 and continues to trade within the broader 26,500–25,700 range.
The 25,700 zone remains a strong support, tested three times in the last two weeks, clearly indicating demand at lower levels. On the daily timeframe, Nifty is showing signs of a bullish “W” pattern, which keeps the bullish bias intact as long as support holds.
Upside Levels (Bullish Confirmation):
Consecutive daily close above 26,150
Targets: 26,325 → 26,492 (important Fibonacci level) → 26,575
Downside Risk (Support Breakdown):
Below 25,700, downside can accelerate towards 25,500 / 25,400
India VIX is currently at its support zone, which increases the probability of a volatility bounce. Expect higher swings and faster moves in the coming sessions.
Key Nifty Levels:
Resistance: 26,150
Support: 25,700
A breakout or breakdown can keep Nifty volatile within the 26,500–25,400 range.
BANKNIFTY WEEKLY ANALYSIS
Bank Nifty closed above the psychological 59,000 level, around 300 points lower on a weekly basis. The index has formed an indecisive doji candle, signaling uncertainty.
Below 58,712 (this week’s low): Downside towards 58,000 / 57,800
Above 59,713 (previous week’s high): Upside resistance at 60,092 / 60,300
S&P 500 – WEEKLY VIEW
S&P 500 closed at 6,834, just 7 points higher than last week, forming an indecisive doji candle. With the Christmas week ahead, major directional moves look unlikely.
The monthly close will be crucial. The current monthly candle is much smaller compared to average candles since Nov’24, indicating compression.
Monthly high breakout: Fresh bullish momentum
Monthly low breakdown: Fast correction likely due to aggressive profit booking
📌 Trade Management: Trail profits strictly and avoid over-leveraging.
The 25,700 zone remains a strong support, tested three times in the last two weeks, clearly indicating demand at lower levels. On the daily timeframe, Nifty is showing signs of a bullish “W” pattern, which keeps the bullish bias intact as long as support holds.
Upside Levels (Bullish Confirmation):
Consecutive daily close above 26,150
Targets: 26,325 → 26,492 (important Fibonacci level) → 26,575
Downside Risk (Support Breakdown):
Below 25,700, downside can accelerate towards 25,500 / 25,400
India VIX is currently at its support zone, which increases the probability of a volatility bounce. Expect higher swings and faster moves in the coming sessions.
Key Nifty Levels:
Resistance: 26,150
Support: 25,700
A breakout or breakdown can keep Nifty volatile within the 26,500–25,400 range.
BANKNIFTY WEEKLY ANALYSIS
Bank Nifty closed above the psychological 59,000 level, around 300 points lower on a weekly basis. The index has formed an indecisive doji candle, signaling uncertainty.
Below 58,712 (this week’s low): Downside towards 58,000 / 57,800
Above 59,713 (previous week’s high): Upside resistance at 60,092 / 60,300
S&P 500 – WEEKLY VIEW
S&P 500 closed at 6,834, just 7 points higher than last week, forming an indecisive doji candle. With the Christmas week ahead, major directional moves look unlikely.
The monthly close will be crucial. The current monthly candle is much smaller compared to average candles since Nov’24, indicating compression.
Monthly high breakout: Fresh bullish momentum
Monthly low breakdown: Fast correction likely due to aggressive profit booking
📌 Trade Management: Trail profits strictly and avoid over-leveraging.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.