LiveCheck Nifty Index Full Analysis At Unicorn Signals
Nifty Index Weekly Outlook and Analysis:
For the Week: (June 26, 2023 – June 30, 2023)
Nifty Outlook for the Week (June 26, 2023 – June 30, 2023)
NIFTY 50 Index closed the week on negative note losing 160.50 points 0.85%.
Weekly High: 18,886.60
Weekly Low: 18,647.10
Weekly Close: 18,665.50
Weekly Support & Resistance For Nifty:
| RESISTANCE 2 | 18,972 |
| RESISTANCE 1 | 18,819 |
| SUPPORT 1 | 18,579 |
| SUPPORT 2 | 18,493 |
Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 18,535 levels, whereas minor resistance on the upside is capped around 18,800-18,835 levels.
If nifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 18,400 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 19,000.
Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 18,450 on downside and 18,900 on upside.
