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NIFTY ENERGY

Nifty Energy Outlook for the Week (Apr 10, 2023 – Apr 14, 2023)

Check Nifty Energy Index Full Analysis At Unicorn Signals

NIFTY ENERGY Weekly Outlook and Analysis:

For the Week: (Apr 10, 2023 – Apr 14, 2023)

Nifty Energy Outlook for the Week (Apr 10, 2023 – Apr 14, 2023)

NIFTY ENERGY Index closed the week on positive note gaining 1.60 points 0.01%.

Weekly High: 22,952.90

Weekly Low: 22,622.40

Weekly Close: 22,816.05

Weekly Support & Resistance For Nifty Energy Index:

RESISTANCE 223,127                                    
RESISTANCE 122,971 
SUPPORT 122,641 
SUPPORT 222,466
Nifty Energy Outlook for the Week (Apr 10, 2023 – Apr 14, 2023)

Technically on the daily charts we see minor support on the downside for NIFTY ENERGY index lies at  22,550 levels, whereas minor resistance on the upside is capped around 23,050-23,100 levels.

If NIFTY ENERGY index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 22,300 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 23,400.

Currently NIFTY ENERGY index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 22,400 on downside and 23,300 on upside.

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