#Nifty 50 – Weekly Technical Outlook

#Nifty50 continues to consolidate after a strong recovery from April lows, trading above key support levels while facing resistance near the 24,284–24,707 zone. The index remains range-bound, indicating a potential breakout move in the coming week.
Bullish View:
As long as Nifty holds above 23,087, buyers are likely to remain in control. A breakout above 24,784 could trigger fresh momentum and push the index toward 24,900–25,500.
Bearish View:
Failure to sustain above 23,100 may lead to profit booking toward 23,000. A decisive break below this level could open the door for a decline toward the 22,700–22,450 support zone.
Key Levels for Next Week
Resistance: 24,284 | 24,707
Support: 23,387 | 23,101
Major Support: 22,689–22,453
Outlook:
Neutral to bullish while above 23,387. Traders should watch for a breakout above 24,784 for confirmation of further upside, while a break below 23,100 would signal renewed weakness.