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NIFTY IT closed the previous week on a negative note losing 3.25%.
Technically, NIFTY IT share price will see immediate support at 32,778.50 and immediate resistance would be seen at 33,875.95.
If NIFTY IT share price closes below immediate support of 32,778.50, then sharp breakdown can be seen. NIFTY IT share price will see major support at 32,175.15 for the week.
On the positive side, immediate resistance will be seen at 33,875.95. Closing above 33,875.95, NIFTY IT share price will see a sharp breakout. Major resistance for NIFTY IT share price will be seen at 34,370.05 for the week.
Trading range for NIFTY IT share price for this week should be between 31,681.05 on down side and 34,973.40 on up side.
NIFTY IT Previous Week High: 33766.7
NIFTY IT Previous Week Low: 32669.25
NIFTY IT Previous Week Range: 1097.45 Points
NIFTY IT share price support and resistance for the week (May 20, 2024 – May 24, 2024)
| Level Type | Value |
|---|---|
| Resistance 3 | 34,973.40 |
| Resistance 2 | 34,370.05 |
| Resistance 1 | 33,875.95 |
| Support 1 | 32,778.50 |
| Support 2 | 32,175.15 |
| Support 3 | 31,681.05 |
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