From the week’s low of 24587, we’ve seen a sharp bounce back toward 24900, exactly as projected.
Nifty Outlook for Next Week
For the coming week, I expect Nifty to trade between 25300–24500.
A breakout or breakdown beyond this range could bring some real fireworks
Bullish Scenario:
If Nifty sustains above 24900/24950 on Monday, we could see a rally toward 25300, supported by strength in Banking, Financials, and Metal sectors.
Bearish Scenario:
Below 24750, bears might get an opening to drag Nifty toward 24500 — though, as of now, that looks less likely unless global sentiment weakens.
⚠️ Caution:
While short-term momentum looks positive, the monthly and weekly charts of Nifty still lack strong bullish confirmation. Those waiting to capture a big 800–1000-point breakout move should be patient until we see a clear bullish crossover on higher timeframes.
Sector Spotlight: Metals
As mentioned last week, Metals continued to shine, with the Metal Index up 4% this week!
It also gave an all-time high weekly close above 10220, a key breakout level.
If it sustains above 10220 next week, the index can rally another 4% toward the next major resistance at 10709.
👉 Keep your eyes on metal stocks hitting new all-time highs (ATHs) — momentum could stay strong here.
BankNifty Update
BankNifty is forming a W pattern on the weekly timeframe — a strong bullish reversal formation.
Stay alert for potential breakouts in leading banking stocks, as they might fuel the next leg of the rally.
Global Cues – S&P 500
The S&P 500 gave an all-time high close at 6715, up 72 points from last week.
If it sustains above 6700, expect a move toward 6780.
For investors already long — move your trailing SL to 6560 to protect profits.
For those waiting to enter — 6568/6570 offers a better risk–reward entry zone.
Key Takeaways
✅ Nifty range for next week: 25300–24500
✅ Bulls need 24950+ for continuation; bears only active below 24750
✅ Metals remain the sector leader
✅ BankNifty W pattern could fuel the next upmove
✅ S&P 500 remains in a strong uptrend — global sentiment supportive
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