#Nifty50 – Technical Outlook

(Next Week)
15,June-26 To 19,June-2026
#Nifty closed near 23,623, showing a rebound from the 23,100–23,200 support zone. The chart suggests a possible ABC corrective structure, with wave (b) likely completed and wave (c) attempting to unfold higher.
For the coming week, immediate resistance is placed at 24,270–24,440. A sustained move above this zone could trigger momentum toward 25,214 – 25,367, which remains the primary upside target area.
On the downside, 23,393 and 23,106 are key support levels. Holding above these levels keeps the short-term bullish bias intact. A break below 23,106 may weaken sentiment and expose 22,681–22,468.
The index is still trading below major moving averages, indicating that the broader trend remains cautious. Therefore, traders should watch for a breakout above 24,440 for confirmation of further upside, while maintaining a defensive stance if support levels fail.
Bias: Neutral to Bullish above 23,106; Strong Bullish above 24,440.