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INDEX OUTLOOKMARKET OUTLOOKNIFTY OIL & GAS

NIFTY OIL & GAS Outlook for the Week (September 04, 2023 – September 08, 2023)

NIFTY OIL & GAS
NIFTY OIL & GAS
NIFTY OIL & GAS closed the previous week on a negative note losing 2.31%.

Technically, NIFTY OIL & GAS share price will see immediate support at 7,742.52 and immediate resistance would be seen at 7,924.57.

If NIFTY OIL & GAS share price closes below immediate support of 7,742.52, then sharp breakdown can be seen. NIFTY OIL & GAS share price will see major support at 7,635.68 for the week.

On the positive side, immediate resistance will be seen at 7,924.57. Closing above 7,924.57, NIFTY OIL & GAS share price will see a sharp breakout. Major resistance for NIFTY OIL & GAS share price will be seen at 7,999.78 for the week.

Trading range for NIFTY OIL & GAS share price for this week should be between 7,560.47 on down side and 8,106.62 on up side.

NIFTY OIL & GAS Previous Week High: 7892.95

NIFTY OIL & GAS Previous Week Low: 7710.9

NIFTY OIL & GAS Previous Week Range: 182.05 Points

NIFTY OIL & GAS share price support and resistance for the week (September 04, 2023 – September 08, 2023)

Level Type Value
Resistance 3 8,106.62
Resistance 2 7,999.78
Resistance 1 7,924.57
Support 1 7,742.52
Support 2 7,635.68
Support 3 7,560.47

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