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INDEX OUTLOOKMARKET OUTLOOKNIFTY OIL & GAS

NIFTY OIL & GAS Outlook for the Week (April 29, 2024 – May 03, 2024)

NIFTY OIL & GAS
NIFTY OIL & GAS
NIFTY OIL & GAS closed the previous week on a negative note losing 2.52%.

Technically, NIFTY OIL & GAS share price will see immediate support at 11,612.12 and immediate resistance would be seen at 11,910.47.

If NIFTY OIL & GAS share price closes below immediate support of 11,612.12, then sharp breakdown can be seen. NIFTY OIL & GAS share price will see major support at 11,439.08 for the week.

On the positive side, immediate resistance will be seen at 11,910.47. Closing above 11,910.47, NIFTY OIL & GAS share price will see a sharp breakout. Major resistance for NIFTY OIL & GAS share price will be seen at 12,035.78 for the week.

Trading range for NIFTY OIL & GAS share price for this week should be between 11,313.77 on down side and 12,208.82 on up side.

NIFTY OIL & GAS Previous Week High: 11862.75

NIFTY OIL & GAS Previous Week Low: 11564.4

NIFTY OIL & GAS Previous Week Range: 298.35 Points

NIFTY OIL & GAS share price support and resistance for the week (April 29, 2024 – May 03, 2024)

Level Type Value
Resistance 3 12,208.82
Resistance 2 12,035.78
Resistance 1 11,910.47
Support 1 11,612.12
Support 2 11,439.08
Support 3 11,313.77
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