NIFTY 50 Outlook for the Week (August 21, 2023 - August 25, 2023)

NIFTY 50 closed the previous week on a negative note losing 1.18%.

Technically, NIFTY 50 share price will see immediate support at 19,214.92 and immediate resistance would be seen at 19,444.07.

If NIFTY 50 share price closes below immediate support of 19,214.92, then sharp breakdown can be seen. NIFTY 50 share price will see major support at 19,119.68 for the week.

On the positive side, immediate resistance will be seen at 19,444.07. Closing above 19,444.07, NIFTY 50 share price will see a sharp breakout. Major resistance for NIFTY 50 share price will be seen at 19,577.98 for the week.

Trading range for NIFTY 50 share price for this week should be between 18,985.77 on down side and 19,673.22 on up side.

NIFTY 50 Previous Week High: 19482.75

NIFTY 50 Previous Week Low: 19253.6

NIFTY 50 Previous Week Range: 229.15 Points

NIFTY 50 share price support and resistance for the week (August 21, 2023 – August 25, 2023)

Level Type	Value
Resistance 3	19,673.22
Resistance 2	19,577.98
Resistance 1	19,444.07
Support 1	19,214.92
Support 2	19,119.68
Support 3	18,985.77

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NIFTY 50 Outlook for the Week (August 21, 2023 – August 25, 2023)

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