NIFTY IT Outlook for the Week (August 28, 2023 - September 01, 2023)

NIFTY IT closed the previous week on a negative note losing 1.97%.

Technically, NIFTY IT share price will see immediate support at 30,603.58 and immediate resistance would be seen at 31,218.98.

If NIFTY IT share price closes below immediate support of 30,603.58, then sharp breakdown can be seen. NIFTY IT share price will see major support at 30,292.62 for the week.

On the positive side, immediate resistance will be seen at 31,218.98. Closing above 31,218.98, NIFTY IT share price will see a sharp breakout. Major resistance for NIFTY IT share price will be seen at 31,523.42 for the week.

Trading range for NIFTY IT share price for this week should be between 29,988.18 on down side and 31,834.38 on up side.

NIFTY IT Previous Week High: 31212.45

NIFTY IT Previous Week Low: 30597.05

NIFTY IT Previous Week Range: 615.4 Points

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

Level Type	Value
Resistance 3	31,834.38
Resistance 2	31,523.42
Resistance 1	31,218.98
Support 1	30,603.58
Support 2	30,292.62
Support 3	29,988.18

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

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