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

The Nifty 50 opened with a gap-up of 97.5 points (0.41%) and ended the week at 24,039.35 (0.79%)

If Nifty sustains below 23,962, selling pressure may increase. However, a move above 24,117 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 23,962-24,117.

🔹 Support & Resistance Levels:

Support:

• S1: 23,731
  
• S2: 23,423
  
• S3: 23,144
  

Resistance:

• R1: 24,351
  
• R2: 24,663
  
• R3: 24,978
  

Market Outlook
✅ Bullish Scenario: A sustained breakout above 24,117 could attract buying momentum, driving Nifty towards R1 (24,663) and beyond.

❌ Bearish Scenario: A drop below 23,962 may trigger selling pressure, pushing Nifty towards S1 (23,731) or lower.