NIFTY PHARMA Weekly Outlook and Analysis:

For the Week: (Feb 07, 2022 – Feb 11, 2022)

NIFTY PHARMA Index closed the week on positive note gaining 597.25 points 4.60%.

Weekly High: 13,688.55

Weekly Low: 13,068.85

Weekly Close: 13,580.30

Weekly Support & Resistance For Nifty Pharma Index:

RESISTANCE 2	14,065
RESISTANCE 1	13,822
SUPPORT 1	13,203
SUPPORT 2	12,826

Technically on the daily charts we see minor support on the downside for NIFTY PHARMA index lies at 13350 levels, whereas minor resistance on the upside is capped around 13800-13850 levels.

If NIFTY PHARMA 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 13100 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 14100.

Currently NIFTY PHARMA index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 13200 on downside and 14000 on upside.

Now Analyze Any Stock Yourself Just In a Few Minutes…

A Free but the Most Powerful Tool for Smarter Analysis of any stock. Analyze any stock at: StockFact – Top Stock Research, Screener And Analysis Tool

---

Note: All our Premium paid subscribers earn very good daily profits irrespective of any market direction. If you wish to subscribe to premium packages or have any queries, kindly contact us or mail us at admin@equitypandit.com or call our Executive at 08000816688.

Premium Subscription Pricing details can be seen at Stock Market Premium Services