Nifty Bank Outlook for the Week (April 27, 2020 – April 30, 2020)

April 26, 2020December 7, 2020

EquityPandit’s Outlook for Nifty Bank for the week (April 27, 2020 – April 30, 2020)

NIFTY BANK:

NIFTY BANK Index closed the week on negative note losing 1094.80 points 5.29%.

Weekly High: 21,122.10

Weekly Low: 19,051.95

Weekly Close: 19,586.65

Technically on the daily charts we see minor support on the downside for NIFTY BANK index lies at 18600 levels, whereas minor resistance on the upside is capped around 20700-20800 levels.

If NIFTY BANK index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 17500 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 22000.

Currently NIFTY BANK index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 17700 on downside and 21800 on upside.

Weekly Pivot Levels:

RESISTANCE 2: 21,990

RESISTANCE 1: 20,788

SUPPORT 1: 18,718

SUPPORT 2: 17,850

INDEX OUTLOOK MARKET OUTLOOK NIFTY PHARMA

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

CRON USERMay 31, 2024

May 31, 2024

NIFTY PHARMA closed the previous week on a negative note losing 3.52%.

Technically, NIFTY PHARMA share price will see immediate support at 18,547.43 and immediate resistance would be seen at 19,230.08.

If NIFTY PHARMA share price closes below immediate support of 18,547.43, then sharp breakdown can be seen. NIFTY PHARMA share price will see major support at 18,298.57 for the week.

On the positive side, immediate resistance will be seen at 19,230.08. Closing above 19,230.08, NIFTY PHARMA share price will see a sharp breakout. Major resistance for NIFTY PHARMA share price will be seen at 19,663.87 for the week.

Trading range for NIFTY PHARMA share price for this week should be between 17,864.78 on down side and 19,912.73 on up side.

NIFTY PHARMA Previous Week High: 19415

NIFTY PHARMA Previous Week Low: 18732.35

NIFTY PHARMA Previous Week Range: 682.65 Points

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

Level Type	Value
Resistance 3	19,912.73
Resistance 2	19,663.87
Resistance 1	19,230.08
Support 1	18,547.43
Support 2	18,298.57
Support 3	17,864.78

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INDEX OUTLOOK MARKET OUTLOOK NIFTY PHARMA

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

CRON USERMay 24, 2024

May 24, 2024

NIFTY PHARMA closed the previous week on a negative note losing 2.20%.

Technically, NIFTY PHARMA share price will see immediate support at 18,935.13 and immediate resistance would be seen at 19,363.03.

If NIFTY PHARMA share price closes below immediate support of 18,935.13, then sharp breakdown can be seen. NIFTY PHARMA share price will see major support at 18,750.77 for the week.

On the positive side, immediate resistance will be seen at 19,363.03. Closing above 19,363.03, NIFTY PHARMA share price will see a sharp breakout. Major resistance for NIFTY PHARMA share price will be seen at 19,606.57 for the week.

Trading range for NIFTY PHARMA share price for this week should be between 18,507.23 on down side and 19,790.93 on up side.

NIFTY PHARMA Previous Week High: 19422.2

NIFTY PHARMA Previous Week Low: 18994.3

NIFTY PHARMA Previous Week Range: 427.9 Points

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

Level Type	Value
Resistance 3	19,790.93
Resistance 2	19,606.57
Resistance 1	19,363.03
Support 1	18,935.13
Support 2	18,750.77
Support 3	18,507.23

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INDEX OUTLOOK MARKET OUTLOOK NIFTY PHARMA

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

CRON USERMay 17, 2024

May 17, 2024

NIFTY PHARMA closed the previous week on a negative note losing 2.11%.

Technically, NIFTY PHARMA share price will see immediate support at 18,733.58 and immediate resistance would be seen at 19,134.63.

If NIFTY PHARMA share price closes below immediate support of 18,733.58, then sharp breakdown can be seen. NIFTY PHARMA share price will see major support at 18,485.57 for the week.

On the positive side, immediate resistance will be seen at 19,134.63. Closing above 19,134.63, NIFTY PHARMA share price will see a sharp breakout. Major resistance for NIFTY PHARMA share price will be seen at 19,287.67 for the week.

Trading range for NIFTY PHARMA share price for this week should be between 18,332.53 on down side and 19,535.68 on up side.

NIFTY PHARMA Previous Week High: 19039.65

NIFTY PHARMA Previous Week Low: 18638.6

NIFTY PHARMA Previous Week Range: 401.05 Points

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

Level Type	Value
Resistance 3	19,535.68
Resistance 2	19,287.67
Resistance 1	19,134.63
Support 1	18,733.58
Support 2	18,485.57
Support 3	18,332.53

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INDEX OUTLOOK MARKET OUTLOOK NIFTY PHARMA

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

CRON USERMay 10, 2024

May 10, 2024

NIFTY PHARMA closed the previous week on a negative note losing 4.48%.

Technically, NIFTY PHARMA share price will see immediate support at 18,254.07 and immediate resistance would be seen at 19,117.42.

If NIFTY PHARMA share price closes below immediate support of 18,254.07, then sharp breakdown can be seen. NIFTY PHARMA share price will see major support at 17,898.68 for the week.

On the positive side, immediate resistance will be seen at 19,117.42. Closing above 19,117.42, NIFTY PHARMA share price will see a sharp breakout. Major resistance for NIFTY PHARMA share price will be seen at 19,625.38 for the week.

Trading range for NIFTY PHARMA share price for this week should be between 17,390.72 on down side and 19,980.77 on up side.

NIFTY PHARMA Previous Week High: 19270

NIFTY PHARMA Previous Week Low: 18406.65

NIFTY PHARMA Previous Week Range: 863.35 Points

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

Level Type	Value
Resistance 3	19,980.77
Resistance 2	19,625.38
Resistance 1	19,117.42
Support 1	18,254.07
Support 2	17,898.68
Support 3	17,390.72

.d-none{display:none};

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INDEX OUTLOOK MARKET OUTLOOK NIFTY PHARMA

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

CRON USERMay 3, 2024

May 3, 2024

NIFTY PHARMA closed the previous week on a negative note losing 1.70%.

Technically, NIFTY PHARMA share price will see immediate support at 18,959.12 and immediate resistance would be seen at 19,287.42.

If NIFTY PHARMA share price closes below immediate support of 18,959.12, then sharp breakdown can be seen. NIFTY PHARMA share price will see major support at 18,784.83 for the week.

On the positive side, immediate resistance will be seen at 19,287.42. Closing above 19,287.42, NIFTY PHARMA share price will see a sharp breakout. Major resistance for NIFTY PHARMA share price will be seen at 19,441.43 for the week.

Trading range for NIFTY PHARMA share price for this week should be between 18,630.82 on down side and 19,615.72 on up side.

NIFTY PHARMA Previous Week High: 19267.15

NIFTY PHARMA Previous Week Low: 18938.85

NIFTY PHARMA Previous Week Range: 328.3 Points

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

Level Type	Value
Resistance 3	19,615.72
Resistance 2	19,441.43
Resistance 1	19,287.42
Support 1	18,959.12
Support 2	18,784.83
Support 3	18,630.82

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