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BANKNIFTYINDEX OUTLOOKMARKET OUTLOOK

NIFTY BANK Outlook for the Week (October 02, 2023 – October 06, 2023)

NIFTY BANK
NIFTY BANK
NIFTY BANK closed the previous week on a negative note losing 1.68%.

Technically, NIFTY BANK share price will see immediate support at 44,199.18 and immediate resistance would be seen at 44,953.23.

If NIFTY BANK share price closes below immediate support of 44,199.18, then sharp breakdown can be seen. NIFTY BANK share price will see major support at 43,813.82 for the week.

On the positive side, immediate resistance will be seen at 44,953.23. Closing above 44,953.23, NIFTY BANK share price will see a sharp breakout. Major resistance for NIFTY BANK share price will be seen at 45,321.92 for the week.

Trading range for NIFTY BANK share price for this week should be between 43,445.13 on down side and 45,707.28 on up side.

NIFTY BANK Previous Week High: 44936.55

NIFTY BANK Previous Week Low: 44182.5

NIFTY BANK Previous Week Range: 754.05 Points

NIFTY BANK share price support and resistance for the week (October 02, 2023 – October 06, 2023)

Level Type Value
Resistance 3 45,707.28
Resistance 2 45,321.92
Resistance 1 44,953.23
Support 1 44,199.18
Support 2 43,813.82
Support 3 43,445.13
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