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INDEX OUTLOOKMARKET OUTLOOKNIFTY PHARMA

NIFTY PHARMA Outlook for the Week (December 11, 2023 – December 15, 2023)

NIFTY PHARMA
NIFTY PHARMA
NIFTY PHARMA closed the previous week on a negative note losing 1.89%.

Technically, NIFTY PHARMA share price will see immediate support at 16,031.93 and immediate resistance would be seen at 16,341.73.

If NIFTY PHARMA share price closes below immediate support of 16,031.93, then sharp breakdown can be seen. NIFTY PHARMA share price will see major support at 15,900.72 for the week.

On the positive side, immediate resistance will be seen at 16,341.73. Closing above 16,341.73, NIFTY PHARMA share price will see a sharp breakout. Major resistance for NIFTY PHARMA share price will be seen at 16,520.32 for the week.

Trading range for NIFTY PHARMA share price for this week should be between 15,722.13 on down side and 16,651.53 on up side.

NIFTY PHARMA Previous Week High: 16389.1

NIFTY PHARMA Previous Week Low: 16079.3

NIFTY PHARMA Previous Week Range: 309.8 Points

NIFTY PHARMA share price support and resistance for the week (December 11, 2023 – December 15, 2023)

Level Type Value
Resistance 3 16,651.53
Resistance 2 16,520.32
Resistance 1 16,341.73
Support 1 16,031.93
Support 2 15,900.72
Support 3 15,722.13
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