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INDEX OUTLOOKMARKET OUTLOOKNIFTY OIL & GAS

NIFTY OIL & GAS Outlook for the Week (May 13, 2024 – May 17, 2024)

NIFTY OIL & GAS
NIFTY OIL & GAS
NIFTY OIL & GAS closed the previous week on a negative note losing 5.84%.

Technically, NIFTY OIL & GAS share price will see immediate support at 11,061.23 and immediate resistance would be seen at 11,755.28.

If NIFTY OIL & GAS share price closes below immediate support of 11,061.23, then sharp breakdown can be seen. NIFTY OIL & GAS share price will see major support at 10,773.77 for the week.

On the positive side, immediate resistance will be seen at 11,755.28. Closing above 11,755.28, NIFTY OIL & GAS share price will see a sharp breakout. Major resistance for NIFTY OIL & GAS share price will be seen at 12,161.87 for the week.

Trading range for NIFTY OIL & GAS share price for this week should be between 10,367.18 on down side and 12,449.33 on up side.

NIFTY OIL & GAS Previous Week High: 11874.4

NIFTY OIL & GAS Previous Week Low: 11180.35

NIFTY OIL & GAS Previous Week Range: 694.05 Points

NIFTY OIL & GAS share price support and resistance for the week (May 13, 2024 – May 17, 2024)

Level Type Value
Resistance 3 12,449.33
Resistance 2 12,161.87
Resistance 1 11,755.28
Support 1 11,061.23
Support 2 10,773.77
Support 3 10,367.18
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