Weekly Market Wrap: Nifty, BankNifty & S&P 500 OutlookNifty 50 IndexNSE:NIFTYssudhirsharma11Nifty closed the week at 24894, gaining 240 points from the previous week. The index made a high of 24904 and a low of 24587, once again respecting the range I mentioned last week — 25050–24250. From the week’s low of 24587, we’ve seen a sharp bounce back toward 24900, exactly as projected. Nifty Outlook for Next Week For the coming week, I expect Nifty to trade between 25300–24500. A breakout or breakdown beyond this range could bring some real fireworks Bullish Scenario: If Nifty sustains above 24900/24950 on Monday, we could see a rally toward 25300, supported by strength in Banking, Financials, and Metal sectors. Bearish Scenario: Below 24750, bears might get an opening to drag Nifty toward 24500 — though, as of now, that looks less likely unless global sentiment weakens. ⚠️ Caution: While short-term momentum looks positive, the monthly and weekly charts of Nifty still lack strong bullish confirmation. Those waiting to capture a big 800–1000-point breakout move should be patient until we see a clear bullish crossover on higher timeframes. Sector Spotlight: Metals As mentioned last week, Metals continued to shine, with the Metal Index up 4% this week! It also gave an all-time high weekly close above 10220, a key breakout level. If it sustains above 10220 next week, the index can rally another 4% toward the next major resistance at 10709. 👉 Keep your eyes on metal stocks hitting new all-time highs (ATHs) — momentum could stay strong here. BankNifty Update BankNifty is forming a W pattern on the weekly timeframe — a strong bullish reversal formation. Stay alert for potential breakouts in leading banking stocks, as they might fuel the next leg of the rally. Global Cues – S&P 500 The S&P 500 gave an all-time high close at 6715, up 72 points from last week. If it sustains above 6700, expect a move toward 6780. For investors already long — move your trailing SL to 6560 to protect profits. For those waiting to enter — 6568/6570 offers a better risk–reward entry zone. Key Takeaways ✅ Nifty range for next week: 25300–24500 ✅ Bulls need 24950+ for continuation; bears only active below 24750 ✅ Metals remain the sector leader ✅ BankNifty W pattern could fuel the next upmove ✅ S&P 500 remains in a strong uptrend — global sentiment supportive