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

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Nifty 50 at a Turning Point? Key Levels & Market Outlook AheadNifty 50 IndexNSE:NIFTYALICEBLUEThe Nifty 50 ended the week at 24,894.25, gaining +0.97%. 🔹 Key Levels for the Upcoming Week 📌 Price Action Pivot Zone: 24,816 to 24,973 – This blue-shaded zone will act as a crucial decision-making area. A breakout on either side could define the next directional move. 🔻 Support Levels: Support 1 (S1): 24,580 Support 2 (S2): 24,267 Support 3 (S3): 24,005 🔺 Resistance Levels: Resistance 1 (R1): 25,212 Resistance 2 (R2): 25,529 Resistance 3 (R3): 25,795 Market Outlook ✅ Bullish Scenario: If Nifty sustains above the pivot zone high of 24,973, it could extend its upward momentum toward R1 (25,212), followed by R2 (25,529) and R3 (25,795). ❌ Bearish Scenario: A breakdown below the pivot low of 24,816 could trigger selling pressure. On the downside, the index may test S1 (24,580), and further weakness could drag it toward S2 (24,267) and S3 (24,005). Disclaimer: https://tinyurl.com/59ypbsrh