#nifty

NIFTY 50 – Weekly Technical Analysis (Next Week)
Nifty ended the week facing rejection near the 24,400–24,450 region, which aligns with a key weekly resistance area. Price is still trading within a broader recovery structure, but bulls need a decisive breakout to confirm continuation toward higher levels.
The immediate resistance remains at 24,276–24,780. A sustained move and daily close above this zone would strengthen bullish momentum and could open the path toward 25,220–25,384 (Supply Zone 1). If buying pressure remains strong, the next medium-term target lies around 25,600–25,860.
On the downside, 23,800 is the key trigger level to watch. As long as Nifty holds above this support, the current bullish structure remains intact. However, a daily close below 23,800 would invalidate the immediate bullish setup and increase the probability of a corrective ABC decline toward the 23,390–23,114 support zone. If selling accelerates further, the broader monthly support between 22,717–22,298 may come into focus.
Key Levels
Resistance: 24,276 → 24,780
Bullish Targets: 25,220–25,384 → 25,600–25,860
Support: 23,800
Major Support: 23,390–23,114
Long-term Support: 22,717–22,298
Outlook: The trend remains cautiously bullish while above 23,800, but confirmation is required above the weekly resistance zone. We should wait for a breakout or breakdown before taking aggressive positions, as the market is approaching a decisive inflection point.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Please conduct your own research before making any investment or trading decisions.