NIFTY OIL & GAS Outlook for the Week (August 28, 2023 - September 01, 2023)

NIFTY OIL & GAS closed the previous week on a negative note losing 2.10%.

Technically, NIFTY OIL & GAS share price will see immediate support at 7,771.70 and immediate resistance would be seen at 7,938.90.

If NIFTY OIL & GAS share price closes below immediate support of 7,771.70, then sharp breakdown can be seen. NIFTY OIL & GAS share price will see major support at 7,704.55 for the week.

On the positive side, immediate resistance will be seen at 7,938.90. Closing above 7,938.90, NIFTY OIL & GAS share price will see a sharp breakout. Major resistance for NIFTY OIL & GAS share price will be seen at 8,038.95 for the week.

Trading range for NIFTY OIL & GAS share price for this week should be between 7,604.50 on down side and 8,106.10 on up side.

NIFTY OIL & GAS Previous Week High: 7971.8

NIFTY OIL & GAS Previous Week Low: 7804.6

NIFTY OIL & GAS Previous Week Range: 167.2 Points

NIFTY OIL & GAS share price support and resistance for the week (August 28, 2023 – September 01, 2023)

Level Type	Value
Resistance 3	8,106.10
Resistance 2	8,038.95
Resistance 1	7,938.90
Support 1	7,771.70
Support 2	7,704.55
Support 3	7,604.50

[{"upd_Date":"2023-07-14T00:00:00","price":7933.5,"volume":64746815,"Open":7925.3,"High":7957.4,"Low":7870.05},{"upd_Date":"2023-07-17T00:00:00","price":7984.65,"volume":53699287,"Open":7945.85,"High":8014.4,"Low":7930.85},{"upd_Date":"2023-07-18T00:00:00","price":7998.2,"volume":45835972,"Open":8021.95,"High":8048.25,"Low":7978.65},{"upd_Date":"2023-07-19T00:00:00","price":8050.7,"volume":63092739,"Open":8020.9,"High":8065.4,"Low":7987.35},{"upd_Date":"2023-07-20T00:00:00","price":8103,"volume":57867535,"Open":8062.55,"High":8117.65,"Low":8050.15},{"upd_Date":"2023-07-21T00:00:00","price":8062.15,"volume":64044577,"Open":8088.5,"High":8096.1,"Low":8037.5},{"upd_Date":"2023-07-24T00:00:00","price":8005.05,"volume":71302235,"Open":8029,"High":8058.05,"Low":7995.2},{"upd_Date":"2023-07-25T00:00:00","price":8060.25,"volume":66718261,"Open":8023.75,"High":8069.75,"Low":8007.25},{"upd_Date":"2023-07-26T00:00:00","price":8111.1,"volume":74375616,"Open":8088.15,"High":8160.15,"Low":8071.7},{"upd_Date":"2023-07-27T00:00:00","price":8032.5,"volume":71378958,"Open":8145.7,"High":8147.8,"Low":8010.55},{"upd_Date":"2023-07-28T00:00:00","price":8058.2,"volume":96716357,"Open":8058.05,"High":8094.5,"Low":8005.35},{"upd_Date":"2023-07-31T00:00:00","price":8141.15,"volume":130540233,"Open":8097.85,"High":8151.3,"Low":8063.5},{"upd_Date":"2023-08-01T00:00:00","price":8110.35,"volume":78867919,"Open":8145,"High":8165.95,"Low":8100.3},{"upd_Date":"2023-08-02T00:00:00","price":7998.45,"volume":85117113,"Open":8114.4,"High":8116.15,"Low":7941},{"upd_Date":"2023-08-03T00:00:00","price":7934.7,"volume":61957924,"Open":7976.85,"High":7986.2,"Low":7896.55},{"upd_Date":"2023-08-04T00:00:00","price":7952,"volume":63758461,"Open":7990.05,"High":7990.15,"Low":7921.9},{"upd_Date":"2023-08-07T00:00:00","price":7974.7,"volume":39347520,"Open":7994.9,"High":7994.9,"Low":7939.95},{"upd_Date":"2023-08-08T00:00:00","price":7962.75,"volume":55262444,"Open":7989.9,"High":8015.6,"Low":7944.95},{"upd_Date":"2023-08-09T00:00:00","price":8043.5,"volume":54577039,"Open":7966.8,"High":8052.8,"Low":7931.35},{"upd_Date":"2023-08-10T00:00:00","price":8046.55,"volume":59071901,"Open":8063.2,"High":8076.3,"Low":8014.3},{"upd_Date":"2023-08-11T00:00:00","price":8019.25,"volume":46943657,"Open":8051.55,"High":8054.35,"Low":7993.8},{"upd_Date":"2023-08-14T00:00:00","price":8004.35,"volume":45151703,"Open":8030.8,"High":8031.8,"Low":7934.5},{"upd_Date":"2023-08-16T00:00:00","price":8023.55,"volume":41170992,"Open":7963.1,"High":8029.7,"Low":7941.7},{"upd_Date":"2023-08-17T00:00:00","price":7956.95,"volume":36150169,"Open":8019.45,"High":8021.3,"Low":7943.6},{"upd_Date":"2023-08-18T00:00:00","price":7945.1,"volume":46211839,"Open":7947.55,"High":7979.5,"Low":7895.45},{"upd_Date":"2023-08-21T00:00:00","price":7929.8,"volume":34287433,"Open":7938.3,"High":7957.65,"Low":7891.55},{"upd_Date":"2023-08-22T00:00:00","price":7930.05,"volume":36625951,"Open":7925.7,"High":7971.8,"Low":7906.35},{"upd_Date":"2023-08-23T00:00:00","price":7905.75,"volume":44591744,"Open":7944.45,"High":7948.2,"Low":7895.85},{"upd_Date":"2023-08-24T00:00:00","price":7861.5,"volume":83278117,"Open":7934.3,"High":7958.75,"Low":7849.4},{"upd_Date":"2023-08-25T00:00:00","price":7838.85,"volume":328539890,"Open":7807,"High":7906.6,"Low":7804.6}]

[{"XCHNG":"NSE","Upd_Time":"2023-08-25T00:00:00","open_Price":7807,"High_Price":7906.6,"Low_Price":7804.6,"Price":7838.85,"BBuy_Qty":null,"BBuy_Price":null,"BSell_Qty":null,"BSell_Price":null,"Total_Trade":0,"Value":0,"Volume":0,"Oldprice":7861.5,"PriceDiff":-22.649999999999636,"change":-0.28811295554283073,"Net_TrdQty":0,"HI_52_WK":8671.35,"LO_52_WK":6922.85,"H52DATE":"2023-01-24T00:00:00","L52DATE":"2023-02-28T00:00:00","sc_group":null,"CompLname":"Nifty Oil & Gas","Sc_code":"535372","ListInfo":"listed","B52HighAdj":8671.35,"b52LowAdj":6922.85,"isin":null,"symbol":"NIFTOILGAS"}]

null

Download Unicorn Signals App

EquityPandit

NIFTY OIL & GAS Outlook for the Week (August 28, 2023 – September 01, 2023)

Get Daily Prediction & Stocks Tips On Your Mobile

EquityPandit