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By EquityPandit

INDEX OUTLOOKMARKET OUTLOOKNIFTY INFRASTRUCTURE

NIFTY INFRASTRUCTURE Outlook for the Week (August 28, 2023 – September 01, 2023)

NIFTY INFRASTRUCTURE
NIFTY INFRASTRUCTURE
NIFTY INFRASTRUCTURE closed the previous week on a negative note losing 2.34%.

Technically, NIFTY INFRASTRUCTURE share price will see immediate support at 5,888.02 and immediate resistance would be seen at 6,029.92.

If NIFTY INFRASTRUCTURE share price closes below immediate support of 5,888.02, then sharp breakdown can be seen. NIFTY INFRASTRUCTURE share price will see major support at 5,837.68 for the week.

6150.006150.006100.006100.006050.006050.006000.006000.005950.005950.005900.005900.005850.005850.005800.005800.00Jul 14Jul 14Jul 19Jul 19Jul 24Jul 24Jul 27Jul 27Aug 1Aug 1Aug 4Aug 4Aug 9Aug 9Aug 14Aug 14Aug 18Aug 18Aug 23Aug 23Reversal Level 5982.73BuyBuySell

On the positive side, immediate resistance will be seen at 6,029.92. Closing above 6,029.92, NIFTY INFRASTRUCTURE share price will see a sharp breakout. Major resistance for NIFTY INFRASTRUCTURE share price will be seen at 6,121.48 for the week.

Trading range for NIFTY INFRASTRUCTURE share price for this week should be between 5,746.12 on down side and 6,171.82 on up side.

NIFTY INFRASTRUCTURE Previous Week High: 6071.15

NIFTY INFRASTRUCTURE Previous Week Low: 5929.25

NIFTY INFRASTRUCTURE Previous Week Range: 141.9 Points

NIFTY INFRASTRUCTURE share price support and resistance for the week (August 28, 2023 – September 01, 2023)

Level Type Value
Resistance 3 6,171.82
Resistance 2 6,121.48
Resistance 1 6,029.92
Support 1 5,888.02
Support 2 5,837.68
Support 3 5,746.12

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