WEEKLY MARKET OUTLOOK – INDECISION BUILDS, BREAKOUT AWAITSNifty 50 IndexNSE:NIFTYssudhirsharma11NIFTY 50 – DOJI AT RESISTANCE Nifty closed at 23,997, up ~100 points week-on-week. Weekly High: 24,334 | Weekly Low: 23,796 Once again, Nifty respected the 24,650–23,400 range and formed a Doji on the weekly timeframe, indicating indecision and balance between bulls and bears. MARKET REGIME Short-term: Sideways with bearish bias Medium-term: Corrective phase (not bullish yet) Daily timeframe: Turning bearish This alignment suggests a short window for bears before any potential shift. NIFTY – LEVEL MAP Key Support: 👉 23,796 (this week’s low) Below this → 23,550 / 23,400 retest likely Key Resistance: 👉 24,400 Needs 2 consecutive day closes above 24,400 → to trigger move toward 24,650 / 24,800 Expected Range: 👉 24,650 – 23,400 STRUCTURAL VIEW Higher timeframes (weekly & monthly) are not yet bullish, and now even the daily trend is weakening. 👉 Bears may get a short-term window early next week 👉 Possible shift in control around 11th May (conditional) BANK NIFTY – PRESSURE BUILDING Bank Nifty closed at 54,863, down ~1,226 points. Friday’s price action suggests: 👉 Weak closing → potential follow-through selling Key Level: 👉 54,356 Below this → gap-filling move toward: 53,770 → 53,230 → 52,700 👉 If this unfolds, it can drag Nifty lower as well MARKET ANALOG Y Next week is like driving in heavy rain: Visibility is low Direction unclear Risk is high 👉 Either stay cautious or drive with strict risk control S&P 500 – STRUCTURE SUPPORTIVE S&P 500 remains relatively strong: 👉 Holding above 7,122 (important Fibonacci level) Upside Levels: 7,272 7,334 / 7,485 / 7,530 / 7,564 / 7,677 (key level) Downside Risk: Below 7,122 → 7,006 / 6,954 / 6,858 👉 As long as 7,122 holds, bullish bias remains intact globally FINAL VIEW Nifty: Range-bound, indecisive Bank Nifty: Weak, leading downside risk S&P 500: Supportive but at key levels Structure: Compression before expansion 👉 Expect range-bound to slightly bearish movement early in the week CLOSING INSIGHT Markets often become most confusing before a decisive move. This is not the time to predict — 👉 It is the time to protect capital and wait for confirmation. Bears enjoy for a week, bulls will be back soon