The Nifty 50 opened with a gap-up of 97.5 points (0.41%) and ended the week at 24,039.35 (0.79%)
If Nifty sustains below 23,962, selling pressure may increase. However, a move above 24,117 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 23,962-24,117.
🔹 Support & Resistance Levels:
Support:
Resistance:
Market Outlook
✅ Bullish Scenario: A sustained breakout above 24,117 could attract buying momentum, driving Nifty towards R1 (24,663) and beyond.
❌ Bearish Scenario: A drop below 23,962 may trigger selling pressure, pushing Nifty towards S1 (23,731) or lower.
If Nifty sustains below 23,962, selling pressure may increase. However, a move above 24,117 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 23,962-24,117.
🔹 Support & Resistance Levels:
Support:
- S1: 23,731
- S2: 23,423
- S3: 23,144
Resistance:
- R1: 24,351
- R2: 24,663
- R3: 24,978
Market Outlook
✅ Bullish Scenario: A sustained breakout above 24,117 could attract buying momentum, driving Nifty towards R1 (24,663) and beyond.
❌ Bearish Scenario: A drop below 23,962 may trigger selling pressure, pushing Nifty towards S1 (23,731) or lower.
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.