#NIFTY


NIFTY 50 – Weekly Technical Analysis
Nifty is trading just below a crucial resistance zone around 24,270–24,780, where multiple rejections have been seen previously. The current structure suggests the index is at a decisive level.
A Weekly close above 24,780 would confirm a bullish breakout, opening the door for a move towards the 25,500–25,850 supply zone in the coming weeks. However, if the index fails to sustain above resistance, profit booking could emerge, leading to a retest of the 22,700–22,300 support zone before the next directional move.
Traders should wait for confirmation rather than anticipation, as the market is approaching a high-probability decision point.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Please do your own research before making any investment decisions.
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