WEEKLY MARKET OUTLOOK – BOUNCE COMPLETE, DECISION ZONE AHEADNifty 50 IndexNSE:NIFTYssudhirsharma11NIFTY 50 – VOLATILITY WITHOUT DIRECTION Nifty closed at 23,114, almost unchanged week-on-week (+37 points), but price action remained highly volatile. Weekly Range: High: 23,862 Low: 22,930 As mentioned last week, markets were in oversold territory, which led to a relief bounce toward 23,800+. However, the inability to sustain higher levels indicates selling pressure still exists. Importantly, Nifty continues to respect the 23,800 – 22,500 range, keeping the structure intact. MARKET REGIME Short-term: Range-bound with volatility Medium-term: Corrective phase The market appears to be stabilizing, and for now, it seems that the worst may be behind us, unless fresh geopolitical or macro shocks emerge. NIFTY – KEY STRUCTURAL LEVELS Critical Support 👉 22,400 Weekly close below 22,400 → opens path toward deeper correction (potentially extended downside phase) Resistance Zone 👉 23,800 – 23,900 Sustained move above this zone → signals strength returning STRATEGIC VIEW Ideally, I would like to see one final move toward 22,400 to: Exhaust remaining selling pressure Complete the fear cycle Once that happens: 👉 I will track that week’s high–low range 👉 A breakout above that week’s high would be a trigger to initiate long positions This approach ensures entry based on confirmation, not anticipation. BANK NIFTY – WARNING SIGNAL Bank Nifty closed at 53,427, down 330 points, and importantly: 👉 It has closed below Weekly EMA100 Historically: Consecutive weekly closes below EMA100 → Lead to a move toward Weekly EMA200 (~48,780) This implies a potential ~8% downside risk. If that plays out, it will likely drag Nifty lower as well. 👉 Hence, next week’s Bank Nifty close becomes extremely critical. S&P 500 – GLOBAL PRESSURE POINT S&P 500 closed at 6,506. Key Level: 6,580 Weekly close below 6,580 → downside toward 6,082 (~6% correction) Close above 6,580 → bulls regain short-term control Global markets are approaching a decisive inflection point, which will influence Indian markets. FINAL MARKET VIEW Nifty: Range-bound but stabilizing Bank Nifty: Weak, critical support under threat Global markets: At inflection Volatility likely to persist 👉 Next week’s closing levels will be decisive. This is not a time to predict — This is a time to observe, react, and stay prepared. YOUR VIEW Do you think Nifty will defend 22,400, or is a deeper correction coming? Drop your view below 👇 IMPORTANT UPDATE For nearly two years, I’ve been sharing my weekly market views here. 👉 From next week onwards, the detailed version will move to a Premium Weekly Edition with deeper insights and structured frameworks. Free summaries will continue as usual.