Nifty 50 at a Turning Point? Key Levels & Market Outlook Ahead

The Nifty 50 ended the week at 24,718.60 with a rejection of (-1.14%)

If Nifty sustains below 24,641, selling pressure may increase. However, a move above 24,798 could restore bullish momentum.

Key Levels for the Upcoming Week
🔹 Price Action Pivot Zone:
The crucial range to watch for potential trend reversals or continuation is 24,641 -24,798.
🔹 Support & Resistance Levels:
Support:
S1: 24,407
S2: 24,094
S3: 23,570

Resistance:
R1: 25,035
R2: 25,352
R3: 25,888

Market Outlook
✅ Bullish Scenario: A sustained breakout above 24,791 could attract buying momentum, driving Nifty towards R1 (25,035) and beyond.
❌ Bearish Scenario: A drop below 24,641 may trigger selling pressure, pushing Nifty towards S1 (24,407) or lower.

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