NIFTY, BANK NIFTY & S&P500 – COMPRESSION BEFORE EXPANSION?Nifty 50 IndexNSE:NIFTYssudhirsharma11Markets are tightening. Levels are respected. Volatility is building. NIFTY – RANGE STILL INTACT Close: 25,571 (+100) High: 25,885 | Low: 25,372 Nifty continues to respect the broader 26,000–24,900 range. On weekly charts, we now have an Inverted Hammer / Shooting Star near resistance, reinforcing supply near 26,000. Market Regime: Short-term: Sideways Medium-term: Corrective consolidation As long as 26,000 remains intact, this is not a breakout market. NIFTY LEVEL MAP Expected Range: 26,100 – 25,000 Below 25,300 (1-hour close): → 25,000 / 24,900 Above 25,700 (2-hour sustain): → 26,000 / 26,100 Mid-week volatility likely. Compression across timeframes suggests expansion soon. NIFTY IT – STRUCTURAL WEAKNESS IT Index looks capable of testing Monthly EMA100 (~28,173). That implies potential for another ~3,000-point move before durable base forms. Important: Wait for stabilization Let monthly close confirm Avoid premature bottom fishing Narratives can overshoot. Structure must confirm. BANK NIFTY – LEADERSHIP SHIFT? Weekly close: 61,000 reclaimed Bullish engulfing candle + reclaim of major resistance. Above 61,000: → 61,600 / 62,000 / 62,300 (Fib) Below 61,000: → 60,000 / 59,600 If banks sustain strength while Nifty remains range-bound, leadership may rotate toward financials. Expected range: 61,450 – 58,900 S&P 500 – DEFENDED SUPPORT, BUT FATIGUE BUILDING Close: 6,909 Support zone 6,770–6,800 tested for the 4th time in 2 months. The more a support is tested, the weaker it becomes. Breakout: Weekly close above 6,970 Breakdown: Weekly close below 6,770 Until then → range-bound. But compression rarely lasts long. FINAL TAKE Nifty: Range-bound Bank Nifty: Showing strength IT: Still weak US: At inflection Expansion likely within 1–2 weeks. Respect levels. React, don’t predict. 📢 Important Update After sharing my weekly views free for nearly two years, I plan to launch a more structured Premium Weekly Edition soon with deeper analysis and clearer decision frameworks. Free updates will continue. More details soon.