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INDEX OUTLOOKMARKET OUTLOOKNIFTY ENERGY

NIFTY ENERGY Outlook for the Week (November 27, 2023 – December 01, 2023)

NIFTY ENERGY
NIFTY ENERGY
NIFTY ENERGY closed the previous week on a negative note losing 1.75%.

Technically, NIFTY ENERGY share price will see immediate support at 28,275.22 and immediate resistance would be seen at 28,778.22.

If NIFTY ENERGY share price closes below immediate support of 28,275.22, then sharp breakdown can be seen. NIFTY ENERGY share price will see major support at 27,991.68 for the week.

On the positive side, immediate resistance will be seen at 28,778.22. Closing above 28,778.22, NIFTY ENERGY share price will see a sharp breakout. Major resistance for NIFTY ENERGY share price will be seen at 28,997.68 for the week.

Trading range for NIFTY ENERGY share price for this week should be between 27,772.22 on down side and 29,281.22 on up side.

NIFTY ENERGY Previous Week High: 28714.15

NIFTY ENERGY Previous Week Low: 28211.15

NIFTY ENERGY Previous Week Range: 503 Points

NIFTY ENERGY share price support and resistance for the week (November 27, 2023 – December 01, 2023)

Level Type Value
Resistance 3 29,281.22
Resistance 2 28,997.68
Resistance 1 28,778.22
Support 1 28,275.22
Support 2 27,991.68
Support 3 27,772.22
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