Nifty 50 at a Turning Point? Key Levels & Market Outlook Ahead

Wait 5 sec.

Nifty 50 at a Turning Point? Key Levels & Market Outlook AheadNifty 50 IndexNSE:NIFTYALICEBLUEThe Nifty 50 ended the week at 25,327.05, gaining +0.85%. Key Levels for the Upcoming Week Price Action Pivot Zone: 25,248 to 25,407 – This range is crucial for identifying potential trend continuation or reversal. A move outside this zone could set the directional tone for the coming sessions. Support Levels: Support 1 (S1): 25,011 Support 2 (S2): 24,694 Support 3 (S3): 24,355 Resistance Levels: Resistance 1 (R1): 25,647 Resistance 2 (R2): 25,984 Resistance 3 (R3): 26,320 Market Outlook Bullish Scenario: A sustained move above 25,407 (top of the pivot zone) may attract buying interest. If momentum builds, the index could test R1 (25,647), and potentially advance towards R2 (25,984) and R3 (26,320). Bearish Scenario: Failure to hold above 25,248 (bottom of the pivot zone) may lead to downside pressure. In such a case, Nifty may move towards S1 (25,011), and deeper support levels like S2 (24,694) and S3 (24,355) Disclaimer: https://tinyurl.com/59ypbsrh