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.
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.