WEEKLY MARKET OUTLOOK –BULLS HOLD CONTROL, KEY RESISTANCES AHEADNifty 50 IndexNSE:NIFTYssudhirsharma11NIFTY 50 – RECOVERY CONTINUES Nifty closed at 23,622, up 256 points from the previous week's close. Weekly High: 23,645 | Weekly Low: 23,070 As highlighted last week, a break below 23,151 could lead to a retest of lower supports. Nifty tested 23,070, found buyers, and bounced strongly while remaining inside the projected range of 23,950–22,750. The recovery remains intact, but the next phase will depend on how price behaves near key resistance zones. NIFTY – LEVEL MAP Immediate Resistance 24,000 (Psychological Level) A sustained move above 24,000 can open the path toward: 24,200 24,400 Key Support 23,300 Hourly close below 23,300 can bring sellers back into the market and increase the probability of testing: 23,200 23,150 Expected Range Next Week 24,200 – 23,150 A break beyond either side of this range can trigger a fast directional move. NIFTY BULL TRIGGER Strong weekly close above 24,400 If achieved: Market structure improves significantly Higher timeframes begin turning constructive Probability of retesting the ATH zone near 26,400 increases FEAR, GREED & MARKET PSYCHOLOGY As markets recover, we are likely to hear more positive headlines—India-US trade developments, easing geopolitical tensions, and improving sentiment. While positive news can support higher prices, price action remains the final authority. Remember the old market saying: Be greedy when others are fearful, and fearful when others are greedy. The trend is improving, but risk management becomes increasingly important as optimism rises. BANK NIFTY – LEADING THE RECOVERY Last week, I highlighted the relative strength in Bank Nifty, and the index rewarded bulls with an impressive 5% rally. Bank Nifty closed around 2,300 points higher and near the weekly high, indicating strong buying interest. Key Trigger 👉 Sustain above 57,000 If achieved: 57,500 58,000 become the next upside levels. Bank Nifty continues to lead the market, and strength above 57,000 could become the catalyst for Nifty's move toward higher resistance zones. Key Support 👉 Day close below 55,060 Can invite fresh selling pressure. Until then: 👉 Buy-the-dip remains the preferred strategy. Expected Range 👉 58,000 – 55,600 S&P 500 – DEMAND REMAINS STRONG S&P 500 closed at 7,431, around 50 points higher than the previous week. Weekly High: 7,483 Weekly Low: 7,237 The index formed a long-legged Doji, suggesting strong demand from lower levels and continued participation by buyers. Bullish Trigger 👉 Strong weekly close above 7,580 Can open the path toward: 7,677 (Important Fibonacci Level) Bearish Trigger 👉 Weekly close below 7,335 Can increase the probability of testing: 7,060 6,838 At present, this remains a lower-probability scenario, but it should not be ignored. FINAL VIEW Nifty: Recovery intact, resistance near 24,000–24,400 Bank Nifty: Leading the market S&P500: Demand remains strong Market structure: Improving, but confirmation still pending 👉 The path of least resistance currently remains upward, but confirmation above key resistance zones is still required. Trade levels. Respect risk. Let price confirm the story.