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INDEX OUTLOOKMARKET OUTLOOKNIFTY IT

NIFTY IT Outlook for the Week (February 12, 2024 – February 16, 2024)

NIFTY IT
NIFTY IT
NIFTY IT closed the previous week on a negative note losing 3.32%.

Technically, NIFTY IT share price will see immediate support at 37,073.65 and immediate resistance would be seen at 38,349.15.

If NIFTY IT share price closes below immediate support of 37,073.65, then sharp breakdown can be seen. NIFTY IT share price will see major support at 36,448.05 for the week.

On the positive side, immediate resistance will be seen at 38,349.15. Closing above 38,349.15, NIFTY IT share price will see a sharp breakout. Major resistance for NIFTY IT share price will be seen at 38,999.05 for the week.

Trading range for NIFTY IT share price for this week should be between 35,798.15 on down side and 39,624.65 on up side.

NIFTY IT Previous Week High: 38373.45

NIFTY IT Previous Week Low: 37097.95

NIFTY IT Previous Week Range: 1275.5 Points

NIFTY IT share price support and resistance for the week (February 12, 2024 – February 16, 2024)

Level Type Value
Resistance 3 39,624.65
Resistance 2 38,999.05
Resistance 1 38,349.15
Support 1 37,073.65
Support 2 36,448.05
Support 3 35,798.15
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