Nifty 1 Week View

Key Levels (Weekly Time Frame)

Resistance Zones (Upside):

24,250 – 24,300 → Immediate supply zone / resistance

24,500 – 24,600 → Next major resistance (if breakout sustains)

24,850 – 25,000 → Psychological round level + possible profit booking

Support Zones (Downside):

23,950 – 24,000 → Immediate weekly support

23,700 – 23,750 → Strong demand zone (previous breakout level)

23,400 – 23,450 → Deeper support; trend reversal only if broken

Indicators & Market Structure

RSI (Weekly): Above 60 → Healthy bullish momentum, but slightly overbought.

Volume Profile: Strong accumulation between 23,600 – 23,800 zone → acts as a strong base.

Candlestick Structure: If this week closes above 24,250, continuation rally possible. If rejection happens, sideways to mild correction.