Weekly Recap:
The Nifty 50 closed the week at 22,795.90, marking a significant decline of -0.51%. The bearish momentum dominated the market, pulling the index lower as selling pressure intensified.
Key Weekly Levels for Next Week
Price Action Pivot Zone:
The crucial zone to watch for any potential reversals or trend continuation is between 22,721 - 22821.
Support & Resistance Levels:
Support Levels:
S1: 22,496
S2: 22,360
S3: 22,196
Resistance Levels:
R1: 22,974
R2: 23,100
R3: 23,404
Market Outlook:
Bullish Scenario: A sustained move above 22,821 and strength beyond 23,100 could attract buyers, leading to a possible retest of R1 at 23,234 and beyond.
Bearish Scenario: If 22,721 fails to hold, the market could witness further selling, driving Nifty towards S1 at 22,496 and possibly lower.
The Nifty 50 closed the week at 22,795.90, marking a significant decline of -0.51%. The bearish momentum dominated the market, pulling the index lower as selling pressure intensified.
Key Weekly Levels for Next Week
Price Action Pivot Zone:
The crucial zone to watch for any potential reversals or trend continuation is between 22,721 - 22821.
Support & Resistance Levels:
Support Levels:
S1: 22,496
S2: 22,360
S3: 22,196
Resistance Levels:
R1: 22,974
R2: 23,100
R3: 23,404
Market Outlook:
Bullish Scenario: A sustained move above 22,821 and strength beyond 23,100 could attract buyers, leading to a possible retest of R1 at 23,234 and beyond.
Bearish Scenario: If 22,721 fails to hold, the market could witness further selling, driving Nifty towards S1 at 22,496 and possibly lower.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。