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INDEX OUTLOOKMARKET OUTLOOKNIFTY ENERGY

NIFTY ENERGY Outlook for the Week (May 20, 2024 – May 24, 2024)

NIFTY ENERGY
NIFTY ENERGY
NIFTY ENERGY closed the previous week on a negative note losing 5.54%.

Technically, NIFTY ENERGY share price will see immediate support at 38,834.10 and immediate resistance would be seen at 41,069.55.

If NIFTY ENERGY share price closes below immediate support of 38,834.10, then sharp breakdown can be seen. NIFTY ENERGY share price will see major support at 37,365.70 for the week.

On the positive side, immediate resistance will be seen at 41,069.55. Closing above 41,069.55, NIFTY ENERGY share price will see a sharp breakout. Major resistance for NIFTY ENERGY share price will be seen at 41,836.60 for the week.

Trading range for NIFTY ENERGY share price for this week should be between 36,598.65 on down side and 43,305.00 on up side.

NIFTY ENERGY Previous Week High: 40368.2

NIFTY ENERGY Previous Week Low: 38132.75

NIFTY ENERGY Previous Week Range: 2235.45 Points

NIFTY ENERGY share price support and resistance for the week (May 20, 2024 – May 24, 2024)

Level Type Value
Resistance 3 43,305.00
Resistance 2 41,836.60
Resistance 1 41,069.55
Support 1 38,834.10
Support 2 37,365.70
Support 3 36,598.65
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