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INDEX OUTLOOK

Nifty Media Outlook for the Week (17-JUL-2023 to 21-JUL-2023)

Check Nifty Media Index Full Analysis At Unicorn Signals

Nifty Media Index Weekly Outlook and Analysis:

For the Week: (July 17, 2023 – July 21, 2023)

Nifty Media Outlook for the Week (17-JUL-2023 to 21-JUL-2023)

NIFTY MEDIA Index closed the week on positive note gaining 31.85 points 1.68%.

Weekly High: 1,932.55

Weekly Low: 1,843.95

Weekly Close: 1,927.40

Weekly Support & Resistance For Nifty Media Index:

Technically on the daily charts we see minor support on the downside for NIFTY MEDIA index lies at 1,900 levels, whereas minor resistance on the upside is capped around 1,950-1,965 levels.

If NIFTY MEDIA 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 1,850 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 2,000.

Currently NIFTY MEDIA index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 1,875 on downside and 1,985 on upside.

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