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NIFTY WEEKLY OUTLOOK 

The Nifty index witnessed strong bearish momentum during the week, declining sharply after a negative start and registering a weekly low of 25,623, erasing nearly 645 points. On the weekly chart, the formation of a bearish engulfing candle has completely wiped out the previous week’s gains, indicating a potential short-term trend reversal and heightened selling pressure. The presence of five consecutive red candles further highlights sustained distribution and weakening sentiment at higher levels.
On the daily timeframe, Nifty closed decisively below the crucial 25,800 resistance level, reflecting a breakdown of an important supply zone and short-term bearish dominance. However, the index continues to trade above its 20-day, 50-day, and 200-day EMAs, indicating that the broader medium- to long-term trend remains intact. As long as these levels are held, the overall market bias is expected to remain constructive.
Immediate resistance lies at 25,800, followed by 25,940 and 26,000, while support is placed at 25,600 and 25,450. A breakdown below 25,300 may intensify downside pressure. A cautious approach remains suitable, with strict stop-loss discipline amid ongoing volatility.

Support Levels:- 25600-25300
Resistance Levels :- 25800-26000
Overall Bias :-Sideways  

BANKNIFTY WEEKLY OUTLOOK  

However, if selling pressure re-emerges and the index decisively breaks below the 59,750 mark, it could open the door for a deeper corrective move toward the 59,550–59,150 zone, with the risk of further downside if weakness intensifies. On the upside, immediate resistance is placed at 60,350, followed by 60,500 and 60,700.
The weekly RSI stands at 65.65 and continues to trend higher, reflecting strengthening momentum while approaching the overbought zone. The index remains comfortably above its 20-day, 50-day, and 200-day EMAs, reinforcing a structurally positive setup that favors continuation of the broader uptrend.
A decisive close above 60,350 would further strengthen bullish momentum and pave the way for additional upside. Conversely, failure to sustain above this level could lead to short-term consolidation or mild weakness. Traders are advised to remain constructive yet disciplined, closely monitoring 59,750 on the downside and 60,350 on the upside to gauge the next directional move.

Support: 59750-59150
Resistance: 60350-60700
Overall Bias :- Sideways to Bullish 

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