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NIFTY IT closed the previous week on a negative note losing 5.91%.
Technically, NIFTY IT share price will see immediate support at 35,100.60 and immediate resistance would be seen at 37,261.95.
If NIFTY IT share price closes below immediate support of 35,100.60, then sharp breakdown can be seen. NIFTY IT share price will see major support at 33,679.50 for the week.
On the positive side, immediate resistance will be seen at 37,261.95. Closing above 37,261.95, NIFTY IT share price will see a sharp breakout. Major resistance for NIFTY IT share price will be seen at 38,002.20 for the week.
Trading range for NIFTY IT share price for this week should be between 32,939.25 on down side and 39,423.30 on up side.
NIFTY IT Previous Week High: 36581.1
NIFTY IT Previous Week Low: 34419.75
NIFTY IT Previous Week Range: 2161.35 Points
NIFTY IT share price support and resistance for the week (January 15, 2024 – January 19, 2024)
| Level Type | Value |
|---|---|
| Resistance 3 | 39,423.30 |
| Resistance 2 | 38,002.20 |
| Resistance 1 | 37,261.95 |
| Support 1 | 35,100.60 |
| Support 2 | 33,679.50 |
| Support 3 | 32,939.25 |
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