Nifty 50: Weekly Outlook (Week of 19 Oct 2026)

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Nifty 50: Weekly Outlook (Week of 19 Oct 2026)Nifty 50 IndexNSE_DLY:NIFTYcoolramesh82Trend: Nifty is in a broad range on the weekly chart, capped near 26,248 and supported by a rising trendline. Last week: Closed at 23,146. A bearish candle, a doji and a bullish candle formed a morning-star-type reversal near trendline support (no gaps). Support: 22,180 (doji low and trendline zone) Resistance: 24,600, then 26,248 Plan: A weekly close above 24,600 opens the way toward 26,248. Until then, the range holds. I'm wrong (bullish view) if: weekly close below 22,180. Market condition: Holding support, but no breakout yet. Waiting for confirmation. For education only, not a recommendation.