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Caveat

All technical levels are auto-computed from public market data and refreshed weekly. They do not constitute trading advice. Always confirm with the live chart and volume before acting. See our Risk Disclaimer.

Market Analysis

Weekly Technical Outlook

Pivot, support and resistance levels for the most-watched indices — auto-refreshed every Sunday at 09:00 IST.

How to read these levels

For each index we publish four numbers: Support 2 / Support 1, Pivot (P) and Resistance 1 (R1). These are derived from the last 5 trading days' high, low and close using the classical pivot formula:

Pivot = (High + Low + Close) / 3
R1 = 2 × Pivot − Low · S1 = 2 × Pivot − High
R2 = Pivot + (High − Low) · S2 = Pivot − (High − Low)

Nifty 50 outlook

Nifty trading above pivot at 23,446; immediate resistance at 23,822, support at 23,247. Breakout or breakdown likely to set weekly tone.
Key levels: Watch 23,822 resistance for bullish continuation; break below 23,247 could test 22,871 support zone.
Anthropic AI access issue sparks debate on India's tech sovereignty; monitor IT sector sentiment and policy developments.
Range-bound week expected unless Nifty decisively crosses 23,822 or breaks 23,247; trade with strict stop-losses.
Global AI developments may influence domestic tech stocks; focus on stock-specific action rather than broad moves.

Sensex outlook

Sensex holding above pivot at 74,818, suggesting bullish momentum. Watch for resistance at 76,318 and 77,107 levels during the week.
Strong support zone established at 74,029 and 72,529. Any dip toward these levels may attract buying interest from traders.
Current close at 75,528 indicates upward bias. Breakout above 76,318 could trigger fresh rally toward 77,100 psychological mark.
Weekly strategy: Book partial profits near resistance zones and add positions only above pivot on strong volumes for risk management.

Bank Nifty outlook

Bank Nifty closed strongly at 56,814, nearly 1,000 points above pivot at 55,841, indicating bullish momentum for the week ahead.
Immediate resistance at 57,840 and 58,865 levels; strong support cushion at 54,816, suggesting upside bias if 55,841 pivot holds.
Banking index outperformance continues; watch for Q4 earnings updates and RBI policy commentary that may drive volatility this week.
Trading above all key support levels signals strength; any dip towards 55,841 pivot could offer buying opportunity for swing traders.

Indian indices — weekly levels

IndexS2S1PivotR1

Nifty 5022,870.9323,246.9223,446.1323,822.12

Sensex72,529.2274,028.5974,818.376,317.67

Bank Nifty52,817.9354,816.3755,841.7357,840.17

Nifty IT26,680.2227,237.9828,076.9228,634.68

Nifty Auto25,238.7525,766.326,044.1526,571.7

Sector rotation cues

Bank Nifty holding above pivot at 55,841; watch for breakout towards R1 at 57,840 or support test at 54,816 this week.
Nifty IT trading below pivot at 28,077; weak bias continues with immediate support at 27,238 and resistance at 28,635.
Nifty Auto showing strength above pivot at 26,044; bullish setup targets R1 at 26,572 with downside protected at 25,766.
Anthropic access suspension sparks AI strategy debate; limited immediate market impact but watch domestic IT services sentiment.

US indices — weekly levels

IndexS2S1PivotR1

Dow Jones49,339.7150,270.9950,840.3451,771.62

S&P 5007,138.857,285.167,384.157,530.46

Nasdaq Composite24,430.1725,159.5125,709.7126,439.05

US & global view

US markets closed mixed with Dow at fresh highs while Nasdaq slipped 0.22% on tech weakness—expect cautious opening for Indian IT stocks.
Trump signals Iran deal signing Sunday; any geopolitical de-escalation could ease crude oil prices, benefiting India's import-dependent economy and OMCs.
Gold miners rallying on Middle East tensions; Indian gold stocks may see spillover strength if bullion sustains above key levels today.
Semiconductor sector weakness in US after Adobe CFO move to Marvell; watch Indian chip-linked stocks for potential morning pressure.
Pivotal week ahead for S&P 500 could set global risk sentiment—monitor US cues closely for directional moves in Nifty heavyweights.

Week ahead — key events

Anthropic AI access debate highlights India's tech policy gaps; watch IT sector for regulatory clarity and potential government announcements this week.
Trump signals Iran deal Sunday; expect oil price volatility affecting OMCs, aviation stocks. Monitor crude movement impacting India's import bill.
Gold rally on Middle East tensions benefits domestic jewellers; MCX gold near highs. Miners globally rallying could lift Indian gold ETFs.
US Nasdaq weakness on chip selloff; could pressure Indian IT and tech stocks at Monday's open. Watch Nifty IT index closely.
Key week for global markets with major US events; expect FII flow volatility. Stay alert for RBI commentary on forex management.

Archive — previous editions

last 5 days

14 Jun 2026

Nifty trading above pivot at 23,446; immediate resistance at 23,822, support at 23,247. Breakout or breakdown likely to set weekly tone.

12 Jun 2026

Nifty holding above pivot at 23,446, showing bullish momentum. Watch for breakout above R1 at 23,822 for further upside towards 24,021 levels.