Nifty April Final Week View

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Nifty April Final Week View Nifty 50 IndexNSE:NIFTYIshanMathur05The recent bearish move in Nifty is weakening the bull case. The upcoming week is going to be interesting, with several key factors to watch. Firstly, it will be a truncated week. Secondly, we need to monitor how the US-Iran situation evolves, as Brent crude is likely to play a major role in determining market direction. We will discuss both the bull and bear case scenarios so that we can better navigate this uncertainty. Bull Case: If Nifty crosses and sustains above the base level of 24,077, we can expect the upmove to continue towards the next resistance near 24,630. Bear Case: If Nifty breaches the support range of 23,800–23,700, we can expect further bearish pressure, with the index potentially continuing its retracement down to 23,279 in the upcoming week.All levels are marked on the chart posted below.