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INDEX OUTLOOKMARKET OUTLOOKNIFTY OIL & GAS

NIFTY OIL & GAS Outlook for the Week (September 18, 2023 – September 22, 2023)

NIFTY OIL & GAS
NIFTY OIL & GAS
NIFTY OIL & GAS closed the previous week on a negative note losing 3.52%.

Technically, NIFTY OIL & GAS share price will see immediate support at 7,890.60 and immediate resistance would be seen at 8,179.35.

If NIFTY OIL & GAS share price closes below immediate support of 7,890.60, then sharp breakdown can be seen. NIFTY OIL & GAS share price will see major support at 7,756.00 for the week.

On the positive side, immediate resistance will be seen at 8,179.35. Closing above 8,179.35, NIFTY OIL & GAS share price will see a sharp breakout. Major resistance for NIFTY OIL & GAS share price will be seen at 8,333.50 for the week.

Trading range for NIFTY OIL & GAS share price for this week should be between 7,601.85 on down side and 8,468.10 on up side.

NIFTY OIL & GAS Previous Week High: 8198.9

NIFTY OIL & GAS Previous Week Low: 7910.15

NIFTY OIL & GAS Previous Week Range: 288.75 Points

NIFTY OIL & GAS share price support and resistance for the week (September 18, 2023 – September 22, 2023)

Level Type Value
Resistance 3 8,468.10
Resistance 2 8,333.50
Resistance 1 8,179.35
Support 1 7,890.60
Support 2 7,756.00
Support 3 7,601.85
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