WKLY MKT OUTLOOK – 4 WEEKS OF COMPRESSION, BRKOUT GETTING CLOSERNifty 50 IndexNSE:NIFTYssudhirsharma11LAST WEEK'S REPORT CARD ✅ Projected Nifty Range: 24,700 – 23,600 ✅ Actual Weekly Range: 24,530 – 23,805 ✅ *Range respected for the 5th consecutive week ✅ Bonus Level Worked: Hourly close below 24,089 triggered weakness exactly as discussed. ✅ Market remained in the expected consolidation phase. NIFTY 50 Nifty closed at 24,206(-64 points). For the 5th consecutive week, Nifty respected the projected range, reinforcing the importance of following higher-timeframe structure rather than reacting to daily news. More importantly, this is now the 4th consecutive weekly close above the psychological level of 24,000, suggesting buyers continue to defend this zone. However, after four weeks of consolidation between 23,800–24,500, both bulls and bears are running out of patience. The longer the compression, the stronger the eventual breakout is likely to be. Bull Trigger: Strong weekly close above 24,400 → 24,800 / 25,000 Bear Trigger: Hourly close below 24,164 → 23,850 / 23,800 Expected Range:24,700 – 23,750 BANK NIFTY Closed at 58,045 (+100 points). Bank Nifty also remains in consolidation and formed a Doji candle, reflecting indecision. Strong weekly close above 58,900 can restart the journey towards All-Time Highs. Expected Range:59,100 – 56,850 S&P 500 Closed at 7,575 (+100 points). 👉 Sustain above 7,600 → 7,697 / 7,812 / 7,885 Weekly RSI divergence is still visible. Failure to sustain above resistance may drag the index towards 7,393 / 7,292. BONUS LEVEL OF THE WEEK 👉 Hourly close below 24,164 may quickly push Nifty towards 23,850–23,800. FINAL VIEW • Nifty continues to consolidate. • Bank Nifty remains the key index to watch. • S&P500 is at an important decision zone. The market is compressing, and history tells us that the longer the consolidation, the stronger the breakout.** rade the levels. Manage risk. Let price confirm the trend.