Weekly Market Outlook – Nifty, BankNifty & S&P 500Nifty 50 IndexNSE:NIFTYssudhirsharma11Nifty ended the week on a positive note, closing at 25,327 – up 213 points from last week’s close. This week’s price action was once again perfectly aligned with my projected range of 25,500 – 24,700, making a high of 25,448 and a low of 25,048. Nifty Outlook for Next Week: I expect Nifty to trade within 25,700 – 24,900. A break below 24,900 could open the doors towards 24,600 / 24,400. Sector Strength Check: Looking at the monthly time frame, none of the major indices look particularly strong right now. On the weekly chart, strength is visible only in selective sectors like Consumption, FMCG, Metals, and a few Auto stocks. ⚠️ Caution: Until we see strength coming back in at least 3–4 major indices, it’s better to stay selective and avoid aggressive long positions. BankNifty Analysis: BankNifty has staged a sharp V-shaped recovery, but I am not fully convinced with this move. Support to watch: 55,000 – a break below this can take it down to 54,700 / 54,600. Resistance to watch: Above this week’s high of 55,835, it can test 56,000 / 56,400. Expected Range: 56,400 – 54,550 India VIX Alert: India VIX is currently near its support zone, which signals possible volatility ahead – so stay cautious. Global Markets – S&P 500: S&P 500 once again gave an all-time high close at 6,671 (+80 points WoW). Breakout Levels: Above 6,671, we could see 6,689 / 6,780 / 6,930 / 6,959 (key level). Investors holding long positions should keep a trailing SL at 6,450 to protect profits.