#Nifty 50 – Technical Outlook for Next Week


Nifty 50 ended near 23,369, holding above the key Daily Support-1 zone (23,100–23,250). Price action suggests the index is attempting to form a base after the recent decline, but it remains below the major resistance cluster.
Bullish Scenario
Sustaining above 23,100 could trigger a recovery towards 24,000–24,300.
A breakout above 24,284 (weekly resistance) may accelerate buying momentum towards 24,767.
Medium-term upside targets remain 25,170–25,325 if resistance zones are cleared.
Bearish Scenario
A breakdown below 23,100 may invite fresh selling pressure.
Next support is seen around 22,450–22,680 (Daily Support-2 zone).
Failure to hold this area could extend the corrective trend further.
Key Levels for Next Week
Support: 23,100 | 22,680 | 22,450
Resistance: 24,284 | 24,767
View: Neutral to mildly bullish while above 23,100. Traders should watch for a decisive move above 24,284 for confirmation of a stronger uptrend.
#nifty50 #indianstockmarket
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