Weekly Recap:
The Nifty 50 closed the week at 22,552.50, marking a significant Pull back of 1.93%.
Key Weekly Levels for Next Week
Price Action Pivot Zone:
The crucial zone to watch for any potential reversals or trend continuation is between 22,477 - 22,628.
Support & Resistance Levels:
Support Levels:
Resistance Levels:
R1: 22,854
R2: 22,157
R3: 23,410
Market Outlook:
Bullish Scenario: A sustained move above 22,628 could attract buyers, driving Nifty towards R1 at 22,854 and possibly higher.
Bearish Scenario: If 22,477 fails to hold, the market could witness further selling, driving Nifty towards S1 at 22,254 and possibly lower.
The Nifty 50 closed the week at 22,552.50, marking a significant Pull back of 1.93%.
Key Weekly Levels for Next Week
Price Action Pivot Zone:
The crucial zone to watch for any potential reversals or trend continuation is between 22,477 - 22,628.
Support & Resistance Levels:
Support Levels:
- S1: 22,254
- S2: 21,955
- S3: 21,629
Resistance Levels:
R1: 22,854
R2: 22,157
R3: 23,410
Market Outlook:
Bullish Scenario: A sustained move above 22,628 could attract buyers, driving Nifty towards R1 at 22,854 and possibly higher.
Bearish Scenario: If 22,477 fails to hold, the market could witness further selling, driving Nifty towards S1 at 22,254 and possibly lower.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.