WEEKLY MARKET OUTLOOK – V-SHAPED RECOVERY, BUT WHAT NEXT?Nifty 50 IndexNSE:NIFTYssudhirsharma11Premium Version NIFTY 50 – SHARP REVERSAL, BUT STRUCTURE STILL DEVELOPING Nifty closed at 24,050, gaining a massive 1,337 points week-on-week. Weekly High: 24,074 | Weekly Low: 22,542 Last week, I mentioned that “the worst may be behind us”, but the speed of this rally — nearly 1,500 points in a single week — was clearly unexpected. This has turned into a classic V-shaped recovery, which I generally approach with caution. MARKET REGIME Short-term: Sharp recovery / momentum bounce Medium-term: Transition phase (not fully bullish yet) 👉 Neither the weekly nor monthly timeframe has fully turned bullish yet NIFTY – STRUCTURAL LEVELS Key Support 👉 23,050 Weekly close below 23,050 → weakens structure Holding above → keeps bullish possibility intact Expected Range (Next Week) 👉 24,800 – 23,400 TWO POSSIBLE SCENARIOS Scenario 1 – HEALTHY RETRACEMENT (Preferred) Market retraces slightly over next 1–2 weeks Holds above 23,050 Late entrants get opportunity to participate 👉 This can fuel a stronger and sustainable rally 👉 Also helps complete W-pattern formation Scenario 2 – CONTINUATION BREAKOUT Nifty gives weekly close above 24,000 without retracement 👉 Momentum continues upward 👉 Upside expands further BANK NIFTY – MOMENTUM RETURNS Bank Nifty closed at 55,912, up nearly 4,400 points. Previous week: Dragonfly Doji (indecision) Current week: Strong bullish candle near highs 👉 Clear shift from indecision → momentum Next Target Zone 👉 57,700 (gap fill area) Ideal Setup Before next leg up, index may: Consolidate for a week or Retrace toward 53,700 / 53,000 SECTORAL FOCUS 👉 Banking, Power & PSU stocks likely to remain in focus next week S&P 500 – AT KEY RESISTANCE S&P 500 also recovered strongly, closing ~300 points higher. Key Level: 👉 6,954 Since Dec 2025, the index has repeatedly: Attempted but failed to sustain above this level 👉 A weekly close above 6,954 will be a major bullish trigger 👉 Failure again may lead to consolidation or pullback ⚠️ MARKET CONTEXT Next week is holiday-shortened, which may lead to: Lower volumes Range-bound movement 🎯 FINAL VIEW Nifty: Strong recovery, but confirmation pending Bank Nifty: Momentum returning Global markets: At resistance Structure: Still evolving 👉 Expect range-bound to slightly bullish movement This is not a market to chase aggressively — 👉 It is a market to wait for structure and confirmation 💡 CLOSING INSIGHT Sharp rallies create excitement, but sustainable trends are built on structure, not speed.