#Nifty 50 – Next Week Technical Outlook

#Nifty50 ended the week near 24,013, showing a strong rebound from the 23,100–23,250 demand zone. The recent price action suggests buyers are defending lower levels, keeping the short-term bullish structure intact. For the coming week, immediate resistance is placed around 24,270–24,440. A sustained move and close above this zone could trigger fresh momentum, opening the path toward the major supply zone at 25,215–25,367.
On the downside, 23,630–23,500 remains a key support area. As long as Nifty holds above this range, buy-on-dips strategies may continue to outperform. Any pullback toward support could attract fresh buying interest before another attempt at higher levels.
Technically, the chart indicates a potential higher-low formation, which is often a precursor to an upward continuation. However, failure to hold above 23,500 may weaken sentiment and increase the chances of retesting the 23,100 demand zone.
Bias: Bullish above 23,500; breakout confirmation above 24,440 for stronger upside momentum.