Aetram Special Report : *Nifty Technical Outlook* - 11.05.2026 - Aetram Research Report
*Nifty Faces Strong 24,600 Resistance While 22,000 Long-Term Support Keeps Broader Market Structure Constructively Stable*
*Key Resistance Levels*
- 24,250
- 24,600 – Major resistance zone
*Key Support Levels*
- 23,800 – Immediate support zone
- 22,000 – Major long-term structural support zone
*Market Outlook for near term*
- Nifty remains range-bound unless a decisive breakout above 24,600 occurs.
- Failure to sustain above 23,800 could trigger deeper corrective pressure toward lower support zones.
- The 22,000 region continues to remain a strong long-term structural support area for the broader market.
- Weekly and monthly charts still lack strong bullish confirmation for aggressive large-cap participation.
- Broader markets continue showing stronger participation compared to benchmark large caps.
- Sustained leadership from banking and IT sectors will be required for any meaningful index breakout above resistance levels.
