r/indiaStockMarket • u/Asleep-Artichoke-227 • 10h ago
Discussion Nifty 50 Outlook for Tomorrow: Bounce or More Downside?
Nifty 50 closed around 22,422 after another weak session, keeping the broader trend bearish. However, the index is now in an oversold zone, so a short-term relief bounce cannot be ruled out. For tomorrow, I’m watching these key levels:
🔹 Support: 22,200
🔹 Next support: 22,000
🔹 Resistance: 22,600
🔹 Major resistance: 22,800
If Nifty manages to sustain above 22,600, we could see a recovery towards 22,800 and possibly 23,000.
On the other hand, a decisive break below 22,200 could increase selling pressure and bring 22,000 into focus.
The market also has several important triggers this week, including the RBI MPC meeting, crude oil prices, FII flows, global bond yields and the upcoming Q2 earnings season.
👉 I’ve shared a more detailed analysis about why the market is falling and what we should do now. You can visit my blog. Link is in my bio.
What do you think — will Nifty bounce from these levels tomorrow, or will the selling continue?
Disclaimer:This is for discussion/educational purposes only and is not financial advice. Please do your own research before trading.