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INDEX OUTLOOKMARKET OUTLOOKNIFTY OIL & GAS

NIFTY OIL & GAS Outlook for the Week (November 13, 2023 – November 17, 2023)

NIFTY OIL & GAS
NIFTY OIL & GAS
NIFTY OIL & GAS closed the previous week on a negative note losing 2.57%.

Technically, NIFTY OIL & GAS share price will see immediate support at 7,846.97 and immediate resistance would be seen at 8,053.02.

If NIFTY OIL & GAS share price closes below immediate support of 7,846.97, then sharp breakdown can be seen. NIFTY OIL & GAS share price will see major support at 7,723.38 for the week.

On the positive side, immediate resistance will be seen at 8,053.02. Closing above 8,053.02, NIFTY OIL & GAS share price will see a sharp breakout. Major resistance for NIFTY OIL & GAS share price will be seen at 8,135.48 for the week.

Trading range for NIFTY OIL & GAS share price for this week should be between 7,640.92 on down side and 8,259.07 on up side.

NIFTY OIL & GAS Previous Week High: 8011.9

NIFTY OIL & GAS Previous Week Low: 7805.85

NIFTY OIL & GAS Previous Week Range: 206.05 Points

NIFTY OIL & GAS share price support and resistance for the week (November 13, 2023 – November 17, 2023)

Level Type Value
Resistance 3 8,259.07
Resistance 2 8,135.48
Resistance 1 8,053.02
Support 1 7,846.97
Support 2 7,723.38
Support 3 7,640.92
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