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INDEX OUTLOOKMARKET OUTLOOKNIFTY OIL & GAS

NIFTY OIL & GAS Outlook for the Week (April 01, 2024 – April 05, 2024)

NIFTY OIL & GAS
NIFTY OIL & GAS
NIFTY OIL & GAS closed the previous week on a negative note losing 3.51%.

Technically, NIFTY OIL & GAS share price will see immediate support at 11,204.03 and immediate resistance would be seen at 11,609.58.

If NIFTY OIL & GAS share price closes below immediate support of 11,204.03, then sharp breakdown can be seen. NIFTY OIL & GAS share price will see major support at 10,967.17 for the week.

On the positive side, immediate resistance will be seen at 11,609.58. Closing above 11,609.58, NIFTY OIL & GAS share price will see a sharp breakout. Major resistance for NIFTY OIL & GAS share price will be seen at 11,778.27 for the week.

Trading range for NIFTY OIL & GAS share price for this week should be between 10,798.48 on down side and 12,015.13 on up side.

NIFTY OIL & GAS Previous Week High: 11541.4

NIFTY OIL & GAS Previous Week Low: 11135.85

NIFTY OIL & GAS Previous Week Range: 405.55 Points

NIFTY OIL & GAS share price support and resistance for the week (April 01, 2024 – April 05, 2024)

Level Type Value
Resistance 3 12,015.13
Resistance 2 11,778.27
Resistance 1 11,609.58
Support 1 11,204.03
Support 2 10,967.17
Support 3 10,798.48
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