CNX IT Outlook for the Week (August 17, 2015 – August 21, 2015)

August 14, 2015December 8, 2020

EquityPandit’s Outlook for CNX IT for the week (August 17, 2015 – August 21, 2015):

CNX IT:

CNX IT index closed the week on positive note gaining around 4%.

As we have mentioned last week that if the index manages to close above the levels of 11800 the index can move to the levels of 12800 to 13000 in 1 to 2 months time frame and the index has hit a high of 12129 during the week.

As we have mentioned last week that the index has formed a Bullish engulfing pattern on monthly charts. If the index manages to close above the levels of 11800 the index will break-out of the 3 months consolidation, and the index can move to the levels of 12800 within 1 to 2 months time frame.

Support for the index lies around the zone of 11600 to 11800 from where the index has broken out and also the long term moving averages are positioned.

Resistance for the index lies in the zone of 12400 to 12500.

Broad range for the index in the coming week is seen from 11600 on downside to 12400 on upside.

INDEX OUTLOOK MARKET OUTLOOK NIFTY ENERGY

NIFTY ENERGY Outlook for the Week (June 03, 2024 – June 07, 2024)

CRON USERMay 31, 2024

May 31, 2024

NIFTY ENERGY closed the previous week on a negative note losing 4.90%.

Technically, NIFTY ENERGY share price will see immediate support at 39,420.17 and immediate resistance would be seen at 41,472.57.

If NIFTY ENERGY share price closes below immediate support of 39,420.17, then sharp breakdown can be seen. NIFTY ENERGY share price will see major support at 38,584.83 for the week.

On the positive side, immediate resistance will be seen at 41,472.57. Closing above 41,472.57, NIFTY ENERGY share price will see a sharp breakout. Major resistance for NIFTY ENERGY share price will be seen at 42,689.63 for the week.

Trading range for NIFTY ENERGY share price for this week should be between 37,367.77 on down side and 43,524.97 on up side.

NIFTY ENERGY Previous Week High: 41854.3

NIFTY ENERGY Previous Week Low: 39801.9

NIFTY ENERGY Previous Week Range: 2052.4 Points

NIFTY ENERGY share price support and resistance for the week (June 03, 2024 – June 07, 2024)

Level Type	Value
Resistance 3	43,524.97
Resistance 2	42,689.63
Resistance 1	41,472.57
Support 1	39,420.17
Support 2	38,584.83
Support 3	37,367.77

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INDEX OUTLOOK MARKET OUTLOOK NIFTY ENERGY

NIFTY ENERGY Outlook for the Week (May 27, 2024 – May 31, 2024)

CRON USERMay 24, 2024

May 24, 2024

NIFTY ENERGY closed the previous week on a negative note losing 3.75%.

Technically, NIFTY ENERGY share price will see immediate support at 40,667.72 and immediate resistance would be seen at 42,239.27.

If NIFTY ENERGY share price closes below immediate support of 40,667.72, then sharp breakdown can be seen. NIFTY ENERGY share price will see major support at 39,700.78 for the week.

On the positive side, immediate resistance will be seen at 42,239.27. Closing above 42,239.27, NIFTY ENERGY share price will see a sharp breakout. Major resistance for NIFTY ENERGY share price will be seen at 42,843.88 for the week.

Trading range for NIFTY ENERGY share price for this week should be between 39,096.17 on down side and 43,810.82 on up side.

NIFTY ENERGY Previous Week High: 41876.95

NIFTY ENERGY Previous Week Low: 40305.4

NIFTY ENERGY Previous Week Range: 1571.55 Points

NIFTY ENERGY share price support and resistance for the week (May 27, 2024 – May 31, 2024)

Level Type	Value
Resistance 3	43,810.82
Resistance 2	42,843.88
Resistance 1	42,239.27
Support 1	40,667.72
Support 2	39,700.78
Support 3	39,096.17

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INDEX OUTLOOK MARKET OUTLOOK NIFTY ENERGY

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

CRON USERMay 17, 2024

May 17, 2024

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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INDEX OUTLOOK MARKET OUTLOOK NIFTY ENERGY

NIFTY ENERGY Outlook for the Week (May 13, 2024 – May 17, 2024)

CRON USERMay 10, 2024

May 10, 2024

NIFTY ENERGY closed the previous week on a negative note losing 5.82%.

Technically, NIFTY ENERGY share price will see immediate support at 38,059.13 and immediate resistance would be seen at 40,428.28.

If NIFTY ENERGY share price closes below immediate support of 38,059.13, then sharp breakdown can be seen. NIFTY ENERGY share price will see major support at 37,028.82 for the week.

On the positive side, immediate resistance will be seen at 40,428.28. Closing above 40,428.28, NIFTY ENERGY share price will see a sharp breakout. Major resistance for NIFTY ENERGY share price will be seen at 41,767.12 for the week.

Trading range for NIFTY ENERGY share price for this week should be between 35,689.98 on down side and 42,797.43 on up side.

NIFTY ENERGY Previous Week High: 40736.8

NIFTY ENERGY Previous Week Low: 38367.65

NIFTY ENERGY Previous Week Range: 2369.15 Points

NIFTY ENERGY share price support and resistance for the week (May 13, 2024 – May 17, 2024)

Level Type	Value
Resistance 3	42,797.43
Resistance 2	41,767.12
Resistance 1	40,428.28
Support 1	38,059.13
Support 2	37,028.82
Support 3	35,689.98

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INDEX OUTLOOK MARKET OUTLOOK NIFTY ENERGY

NIFTY ENERGY Outlook for the Week (May 06, 2024 – May 10, 2024)

CRON USERMay 3, 2024

May 3, 2024

NIFTY ENERGY closed the previous week on a negative note losing 2.87%.

Technically, NIFTY ENERGY share price will see immediate support at 40,005.58 and immediate resistance would be seen at 41,190.53.

If NIFTY ENERGY share price closes below immediate support of 40,005.58, then sharp breakdown can be seen. NIFTY ENERGY share price will see major support at 39,440.12 for the week.

On the positive side, immediate resistance will be seen at 41,190.53. Closing above 41,190.53, NIFTY ENERGY share price will see a sharp breakout. Major resistance for NIFTY ENERGY share price will be seen at 41,810.02 for the week.

Trading range for NIFTY ENERGY share price for this week should be between 38,820.63 on down side and 42,375.48 on up side.

NIFTY ENERGY Previous Week High: 41244.55

NIFTY ENERGY Previous Week Low: 40059.6

NIFTY ENERGY Previous Week Range: 1184.95 Points

NIFTY ENERGY share price support and resistance for the week (May 06, 2024 – May 10, 2024)

Level Type	Value
Resistance 3	42,375.48
Resistance 2	41,810.02
Resistance 1	41,190.53
Support 1	40,005.58
Support 2	39,440.12
Support 3	38,820.63

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