Nifty 50 Weekly Outlook ( 25th May – 29th May 2026)Nifty 50 IndexNSE_DLY:NIFTYALICEBLUEThe Nifty 50 Index last week ended at 23,719.30, gaining +75.80 points (+0.32%) on the weekly chart, indicating a consolidation phase near the key price action zone. 🔹 Key Levels for the Upcoming Week 📌 Price Action Pivot Zone (23,615–23,779) This blue-shaded area represents the crucial weekly decision zone. Sustaining above 23,779 may trigger fresh bullish momentum, while rejection from this zone could keep the market under pressure. 🔻 Support Levels S1: 23,340 S2: 23,067 S3: 22,730 🔺 Resistance Levels R1: 24,050 R2: 24,260 R3: 24,460 📈 Market Outlook ✅ Bullish Scenario: If Nifty manages to reclaim and sustain above the pivot zone (23,615–23,779), buying momentum may push the index toward R1 (24,050). A sustained move above this level could further extend the rally toward R2 (24,260) and R3 (24,460). ❌ Bearish Scenario: If the index fails to hold above 23,615, selling pressure may continue, dragging Nifty toward S1 (23,340). A breakdown below this support could further extend the decline toward S2 (23,067) and S3 (22,730). Disclaimer: aliceblueonline.com/legal-documentation/disclaimer/