nifty weekly outlook
Technical Highlights Moving Averages: Nifty is trading firmly above the 20, 50, 100, and 200 DMAs, confirming a strong trending market and steady buying strength. RSI: RSI stays in the 60–65 zone, indicating healthy bullish momentum without entering overbought territory. This supports further upside potential. Bollinger Bands: Price action is near the upper half of the band, with the upper band around 26,090–26,120 acting as the immediate resistance. A breakout and close above this zone will signal a strong continuation move. Key Levels: Resistance: 26,100 – breakout may push Nifty toward 26,300–26,500. Support: 25,600 – must be protected for the bullish trend to remain intact. Sector Focus Banking: Strong chart structure and leadership; expected to drive Nifty higher. IT: Stable upward momentum; supports overall index strength. Metals: High relative strength with continuation signals on charts. Stocks to Watch $SBIN : Strong trend, trading well above key MAs; likely to participate in the breakout. $JIOFIN : Sustained accumulation with improving price structure. $MCX : Momentum building on the back of strong commodity activity. Conclusion Nifty maintains a positive bias above 25,600. A decisive breakout above 26,100 will confirm the next upside leg toward 26,300–26,500. Focus remains on Banking, IT, and Metal sectors for leadership.


















