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BANKNIFTYINDEX OUTLOOKMARKET OUTLOOK

NIFTY BANK Outlook for the Week (October 30, 2023 – November 03, 2023)

NIFTY BANK
NIFTY BANK
NIFTY BANK closed the previous week on a negative note losing 3.94%.

Technically, NIFTY BANK share price will see immediate support at 41,981.17 and immediate resistance would be seen at 43,707.07.

If NIFTY BANK share price closes below immediate support of 41,981.17, then sharp breakdown can be seen. NIFTY BANK share price will see major support at 41,180.33 for the week.

On the positive side, immediate resistance will be seen at 43,707.07. Closing above 43,707.07, NIFTY BANK share price will see a sharp breakout. Major resistance for NIFTY BANK share price will be seen at 44,632.13 for the week.

Trading range for NIFTY BANK share price for this week should be between 40,255.27 on down side and 45,432.97 on up side.

NIFTY BANK Previous Week High: 43831.3

NIFTY BANK Previous Week Low: 42105.4

NIFTY BANK Previous Week Range: 1725.9 Points

NIFTY BANK share price support and resistance for the week (October 30, 2023 – November 03, 2023)

Level Type Value
Resistance 3 45,432.97
Resistance 2 44,632.13
Resistance 1 43,707.07
Support 1 41,981.17
Support 2 41,180.33
Support 3 40,255.27
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