S&P CNX NIFTY INDEX FUTURES
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Key Levels in Play: Will NIFTY Hold or Drop Further?

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Technical Analysis of NIFTY Futures

- Trend Overview: The market is in a clear downtrend, with strong bearish momentum persisting.
- Point of Interest: The price recently tested a key supply zone (marked in red) and faced rejection, signaling a potential continuation of the downtrend.
- Support & Target: The next major demand zone is near 22,049, acting as a critical support level.
- Outlook: If selling pressure remains strong, the price may head toward the target area. However, a breakout above the supply zone could shift sentiment, leading to a possible trend reversal.

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