Signals, Powered By EquityPandit
NIFTY 50 closed the previous week on a negative note losing 3.03%.
Technically, NIFTY 50 share price will see immediate support at 22,024.05 and immediate resistance would be seen at 22,705.15.
If NIFTY 50 share price closes below immediate support of 22,024.05, then sharp breakdown can be seen. NIFTY 50 share price will see major support at 21,582.00 for the week.
On the positive side, immediate resistance will be seen at 22,705.15. Closing above 22,705.15, NIFTY 50 share price will see a sharp breakout. Major resistance for NIFTY 50 share price will be seen at 22,944.20 for the week.
Trading range for NIFTY 50 share price for this week should be between 21,342.95 on down side and 23,386.25 on up side.
NIFTY 50 Previous Week High: 22502.15
NIFTY 50 Previous Week Low: 21821.05
NIFTY 50 Previous Week Range: 681.1 Points
NIFTY 50 share price support and resistance for the week (May 20, 2024 – May 24, 2024)
| Level Type | Value |
|---|---|
| Resistance 3 | 23,386.25 |
| Resistance 2 | 22,944.20 |
| Resistance 1 | 22,705.15 |
| Support 1 | 22,024.05 |
| Support 2 | 21,582.00 |
| Support 3 | 21,342.95 |
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