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INDEX OUTLOOKMARKET OUTLOOKNIFTY OIL & GAS

NIFTY OIL & GAS Outlook for the Week (February 05, 2024 – February 09, 2024)

NIFTY OIL & GAS
NIFTY OIL & GAS
NIFTY OIL & GAS closed the previous week on a negative note losing 8.07%.

Technically, NIFTY OIL & GAS share price will see immediate support at 10,527.20 and immediate resistance would be seen at 11,427.80.

If NIFTY OIL & GAS share price closes below immediate support of 10,527.20, then sharp breakdown can be seen. NIFTY OIL & GAS share price will see major support at 9,942.90 for the week.

On the positive side, immediate resistance will be seen at 11,427.80. Closing above 11,427.80, NIFTY OIL & GAS share price will see a sharp breakout. Major resistance for NIFTY OIL & GAS share price will be seen at 11,744.10 for the week.

Trading range for NIFTY OIL & GAS share price for this week should be between 9,626.60 on down side and 12,328.40 on up side.

NIFTY OIL & GAS Previous Week High: 11159.8

NIFTY OIL & GAS Previous Week Low: 10259.2

NIFTY OIL & GAS Previous Week Range: 900.6 Points

NIFTY OIL & GAS share price support and resistance for the week (February 05, 2024 – February 09, 2024)

Level Type Value
Resistance 3 12,328.40
Resistance 2 11,744.10
Resistance 1 11,427.80
Support 1 10,527.20
Support 2 9,942.90
Support 3 9,626.60
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