Nifty at Crossroads: Will Tariff Shock Deepen the Fall?Nifty 50 IndexNSE:NIFTYALICEBLUEThe Nifty 50 ended the week at 24,426.85, slipping -1.78%. 🔹 Key Levels for the Upcoming Week 📌 Price Action Pivot Zone: 24,349 to 24,506—This is the critical zone to watch. A decisive move beyond either side may dictate next week’s trend. 🔻 Support Levels S1: 24,113 S2: 23,800 S3: 23,452 🔺 Resistance Levels R1: 24,741 R2: 25,056 R3: 25,346 Sentiment Check (Last Week): Nifty faced heavy profit booking amid global market weakness and concerns over geopolitical uncertainties, especially Trump’s proposed 50% tariff on Indian goods, which rattled investor confidence. While early optimism pushed prices up, sustained selling dragged the index below the pivot zone, signaling caution. Market Outlook Bullish Scenario: If Nifty sustains above 24,506, a recovery move could target R1 (24,741). A decisive breakout above this may extend the rally towards R2 (25,056) and R3 (25,346). Bearish Scenario: If the index slips below 24,349, selling pressure may intensify. This could drag Nifty towards S1 (24,113), and further down to S2 (23,800) and S3 (23,452). Sentiment Outlook: The market tone has shifted cautious after the breakdown from the pivot zone. Sustaining above 24,506 is key for bulls to regain strength; otherwise, bears may extend control towards deeper support levels. The tariff issue could remain a short-term headwind for Indian equities until clarity emerges on trade negotiations. Disclaimer: http://lnkd.in/gJJDnvn2