The Nifty 50 Index last week ended at 25,910.05, posting a +1.64% gain. The index bounced strongly from lower levels and is now trading near a key supply zone, indicating that the market may see either continuation or consolidation depending on how price reacts to this region.
🔹 Key Levels for the Upcoming Week
📌 Price Action Pivot Zone (25830 to 25991)
This blue-shaded zone represents the crucial decision area. Sustaining above 25,991 may attract strong buying interest, while rejection from this zone could lead to short-term profit booking.
🔻 Support Levels:
S1: 25,590
S2: 25,270
S3: 24,895
🔺 Resistance Levels:
R1: 26,234
R2: 26,558
R3: 27,027
📈 Market Outlook
✅ Bullish Scenario:
If Nifty holds above the Pivot Zone (25830–25991), bullish momentum could push the index toward R1 (26,234). A strong breakout above this may extend the rally toward R2 (26,558) and eventually R3 (27,027).
❌ Bearish Scenario:
If the index fails to sustain above 25,830, short-term weakness may emerge, dragging Nifty toward S1 (25,590). Further breakdowns could open doors to S2 (25,270) and S3 (24,895). A weekly close below 24,900 may signal a deeper correction.
Disclaimer: aliceblueonline.com/legal-documentation/disclaimer/
🔹 Key Levels for the Upcoming Week
📌 Price Action Pivot Zone (25830 to 25991)
This blue-shaded zone represents the crucial decision area. Sustaining above 25,991 may attract strong buying interest, while rejection from this zone could lead to short-term profit booking.
🔻 Support Levels:
S1: 25,590
S2: 25,270
S3: 24,895
🔺 Resistance Levels:
R1: 26,234
R2: 26,558
R3: 27,027
📈 Market Outlook
✅ Bullish Scenario:
If Nifty holds above the Pivot Zone (25830–25991), bullish momentum could push the index toward R1 (26,234). A strong breakout above this may extend the rally toward R2 (26,558) and eventually R3 (27,027).
❌ Bearish Scenario:
If the index fails to sustain above 25,830, short-term weakness may emerge, dragging Nifty toward S1 (25,590). Further breakdowns could open doors to S2 (25,270) and S3 (24,895). A weekly close below 24,900 may signal a deeper correction.
Disclaimer: aliceblueonline.com/legal-documentation/disclaimer/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.