Weekly Recap:
The Nifty 50 closed the week at 22,904.45, marking a significant decline of -2.61%.
Key Weekly Levels for Next Week
Price Action Pivot Zone:
The crucial zone to watch for any potential reversals or trend continuation is between 22,829 and 22,980
Support & Resistance Levels:
Support Levels:
Resistance Levels:
Market Outlook:
Bullish Scenario: A sustained move above 22,980 could attract buyers, driving Nifty towards R1 at 23,209 and possibly higher.
Bearish Scenario: If 22,829 fails to hold, the market could witness further selling, driving Nifty towards S1 at 22,609 and possibly lower.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please conduct your own research or consult a financial advisor before making any trading decisions.
The Nifty 50 closed the week at 22,904.45, marking a significant decline of -2.61%.
Key Weekly Levels for Next Week
Price Action Pivot Zone:
The crucial zone to watch for any potential reversals or trend continuation is between 22,829 and 22,980
Support & Resistance Levels:
Support Levels:
- S1: 22,609
- S2: 22,303
- S3: 21,928
Resistance Levels:
- R1: 23,209
- R2: 23,513
- R3: 23,870
Market Outlook:
Bullish Scenario: A sustained move above 22,980 could attract buyers, driving Nifty towards R1 at 23,209 and possibly higher.
Bearish Scenario: If 22,829 fails to hold, the market could witness further selling, driving Nifty towards S1 at 22,609 and possibly lower.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please conduct your own research or consult a financial advisor before making any trading decisions.
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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.