NIFTY OIL & GAS Outlook for the Week (August 21, 2023 - August 25, 2023)

NIFTY OIL & GAS closed the previous week on a negative note losing 1.70%.

Technically, NIFTY OIL & GAS share price will see immediate support at 7,883.10 and immediate resistance would be seen at 8,019.45.

If NIFTY OIL & GAS share price closes below immediate support of 7,883.10, then sharp breakdown can be seen. NIFTY OIL & GAS share price will see major support at 7,821.10 for the week.

On the positive side, immediate resistance will be seen at 8,019.45. Closing above 8,019.45, NIFTY OIL & GAS share price will see a sharp breakout. Major resistance for NIFTY OIL & GAS share price will be seen at 8,093.80 for the week.

Trading range for NIFTY OIL & GAS share price for this week should be between 7,746.75 on down side and 8,155.80 on up side.

NIFTY OIL & GAS Previous Week High: 8031.8

NIFTY OIL & GAS Previous Week Low: 7895.45

NIFTY OIL & GAS Previous Week Range: 136.35 Points

NIFTY OIL & GAS share price support and resistance for the week (August 21, 2023 – August 25, 2023)

Level Type	Value
Resistance 3	8,155.80
Resistance 2	8,093.80
Resistance 1	8,019.45
Support 1	7,883.10
Support 2	7,821.10
Support 3	7,746.75

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NIFTY OIL & GAS Outlook for the Week (August 21, 2023 – August 25, 2023)

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