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

The Nifty 50 opened with a gap-up of 30.95 points (0.13%) and ended the week at 24,346.70 with a gain of (1.28%)

If Nifty sustains below 24,369, selling pressure may increase. However, a move above 24,426, 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 24,369 -24,426.

🔹 Support & Resistance Levels:

Support:

• S1: 24,037
  
• S2: 23,427
  
• S3: 23,144
  

Resistance:

• R1: 24,661
  
• R2: 24,975
  
• R3: 25,334
  

Market Outlook
✅ Bullish Scenario: A sustained breakout above 24,426 could attract buying momentum, driving Nifty towards R1 (24,661) and beyond.

❌ Bearish Scenario: A drop below 24,369 may trigger selling pressure, pushing Nifty towards S1 (24.037) or lower.