WEEKLY MARKET OUTLOOK – DECISION ZONE APPROACHINGNifty 50 IndexNSE:NIFTYssudhirsharma11NIFTY 50 – MOMENTUM SLOWS NEAR RESISTANCE Nifty closed at 24,013, up 391 points from the previous week's close. Weekly High: 24,189 Weekly Low: 23,817 Once again, Nifty respected my projected range of 24,200–23,150. However, this week the index failed to deliver the strong closing I was looking for and has formed an Evening Star-type structure on the weekly chart, suggesting that momentum may be slowing near resistance and bulls may require stronger participation to continue the recovery. Nifty Bull Trigger 👉 Sustained trade above 24,189 If achieved, Nifty can move higher toward: 24,322 24,550 A strong weekly close above these levels would significantly improve the higher-timeframe structure and strengthen the case for a move toward higher zones. Key Support 👉 Below this week's low of 23,817 Bears may attempt to fill the recent gap and retest: 23,600 23,500 Expected Range Next Week 👉 24,550 – 23,600 A breakout or breakdown from this range can bring significant momentum and some fireworks on either side. BANK NIFTY – STILL LEADING, BUT MOMENTUM COOLING Bank Nifty closed at 57,685, up around 900 points from the previous week's close. Bank Nifty continues to be the primary driver of the ongoing recovery, but this week's candle suggests that momentum may be cooling near resistance levels. Key Levels 👉 Sustain above 58,200 or 👉 Deliver a strong weekly close above 57,800 If achieved, the next upside levels become: 58,950 Higher resistance zones thereafter Expected Range 58,950 – 56,450 A decisive break on either side can lead to a fast directional move. TACTICAL VIEW Current market structure suggests heightened volatility around the middle of the week. My expectation remains: 25th June Higher probability of a weak/gap-down start 26th June Higher probability of a recovery-led/gap-up opening These are probability-based expectations derived from current structure and positioning, not certainty. Traders should remain flexible and let price action confirm the move. S&P 500 – APPROACHING A CRITICAL ZONE S&P 500 closed at 7,500, around 70 points higher than the previous week's close. The index remains strong, but it is now approaching an important decision point. Bullish Trigger Sustain above 7,585 or deliver a strong weekly close above it If achieved, the next upside levels are: 7,697 (Important Fibonacci Level) 7,812 7,885 Bearish Scenario Failure to reclaim and sustain above resistance may lead to the formation of an M-pattern, which is generally considered bearish in nature. That could provide bears an opportunity to retest lower levels and re-enter the game. FINAL VIEW * Nifty: Momentum slowing near resistance * Bank Nifty: Still leading the recovery * S&P500: At a critical breakout zone * Market Structure: Compression before expansion Markets are approaching a decision zone. The range is narrowing, volatility is compressing, and the next breakout may be stronger than most expect. For now: 👉 Respect levels 👉 Stay flexible 👉 Let price confirm the story