#NIfty50 Outlook for upcoming week 9-13th Dec, Nifty Rallies, Bu
The Nifty 50 index concluded the week on a high note, closing at 24,677, a significant 550-point surge from the previous week. The index oscillated wildly, touching a high of 24,857 and a low of 24,008. As predicted, the index faced selling pressure around the 25,000 level, a critical resistance zone that triggered a downward trend in late October.
For the upcoming week, the Nifty is expected to trade within a range of 24,100 to 25,000. A sustained break above 25,000 could propel the index towards 25,250. However, a pullback to retest support levels is likely before the next upward move.
Meanwhile, the S&P 500 index gained 1% to close at 6,090. Key resistance levels for the S&P 500 are 6,142 and 6,225, while support levels are 6,013 and 5,963.let's see if US market this week also support world market or not.
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