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INDEX OUTLOOKMARKET OUTLOOKNIFTY OIL & GAS

NIFTY OIL & GAS Outlook for the Week (November 27, 2023 – December 01, 2023)

NIFTY OIL & GAS
NIFTY OIL & GAS
NIFTY OIL & GAS closed the previous week on a negative note losing 1.73%.

Technically, NIFTY OIL & GAS share price will see immediate support at 8,077.83 and immediate resistance would be seen at 8,219.78.

If NIFTY OIL & GAS share price closes below immediate support of 8,077.83, then sharp breakdown can be seen. NIFTY OIL & GAS share price will see major support at 7,994.47 for the week.

On the positive side, immediate resistance will be seen at 8,219.78. Closing above 8,219.78, NIFTY OIL & GAS share price will see a sharp breakout. Major resistance for NIFTY OIL & GAS share price will be seen at 8,278.37 for the week.

Trading range for NIFTY OIL & GAS share price for this week should be between 7,935.88 on down side and 8,361.73 on up side.

NIFTY OIL & GAS Previous Week High: 8195

NIFTY OIL & GAS Previous Week Low: 8053.05

NIFTY OIL & GAS Previous Week Range: 141.95 Points

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

Level Type Value
Resistance 3 8,361.73
Resistance 2 8,278.37
Resistance 1 8,219.78
Support 1 8,077.83
Support 2 7,994.47
Support 3 7,935.88
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