Nifty at Make-or-Break Zone: What to Expect Next Week Markets eMarkets ended the week under pressure, with the Nifty 50 closing at 25,149, down 312 points from the previous week. The index traded within a tight band, hitting a high of 25,548 and a low of 25,129 — perfectly respecting the 25,900–25,000 range mentioned in last week’s analysis.
Now, Nifty finds itself at a crucial support level near 25,000. A rebound from this zone could trigger a short-term rally towards 25,500–25,600, which will act as immediate resistance. However, traders should proceed with caution, as the monthly chart remains neutral to bearish, indicating that this could just be a temporary bounce rather than a sustained uptrend.
Looking ahead, expect Nifty to trade within a range of 24,700 to 25,600. A breakdown below 24,700 could open the gates for deeper cuts, while a breakout above 25,600 needs to be backed by strong volume and participation to confirm a trend reversal.
Sector Watch: Reliance Shines Amidst Caution
Among the large caps, Reliance Industries stands out as the only stock showing strength on the monthly chart, while other heavyweights and key sectors continue to lack momentum. This narrow leadership is a red flag for broader market sustainability.
Global Markets: S&P 500 at a Crossroads
Globally, the S&P 500 closed at 6,259, down slightly from last week. What’s more important is the formation of a Doji candle — a classic sign of indecision. A move above 6,300 could lead to upside targets of 6,376 / 6,454 / 6,500, which would likely boost sentiment in global and Indian equities.
However, if the index slips below 6,150, it would mark a failed breakout, potentially triggering a global correction — a risk that Indian markets can't ignore.
Final Word
We’re at a critical juncture. While technicals suggest a potential bounce in Nifty from 25,000, the lack of confirmation on higher timeframes and uncertain global cues call for prudence over aggression.
👉 I’ll be staying out of the market this week. The setup doesn’t offer a favorable risk-reward, and in trading, patience is often the best position.
Let the charts speak. We’ll act accordingly.
