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

The Nifty 50 ended the week at 24,853.15 with a loss of (-0.67%)

If Nifty sustains below 24,771, selling pressure may increase. However, a move above 24,932, 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 24,775 -24,932.
🔹 Support & Resistance Levels:
Support:

• S1: 24,540
  
• S2: 24,226
  
• S3: 23,889
  

Resistance:

• R1: 25,170
  
• R2: 25,612
  
• R3: 26,050
  

Market Outlook

• ✅ Bullish Scenario: A sustained breakout above 24,932 could attract buying momentum, driving Nifty towards R1 (25,170) and beyond.
  
• ❌ Bearish Scenario: A drop below 24,775 may trigger selling pressure, pushing Nifty towards S1 (24,540) or lower.
  

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