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NIFTY IT closed the previous week on a negative note losing 4.81%.
Technically, NIFTY IT share price will see immediate support at 34,644.23 and immediate resistance would be seen at 36,381.68.
If NIFTY IT share price closes below immediate support of 34,644.23, then sharp breakdown can be seen. NIFTY IT share price will see major support at 33,650.67 for the week.
On the positive side, immediate resistance will be seen at 36,381.68. Closing above 36,381.68, NIFTY IT share price will see a sharp breakout. Major resistance for NIFTY IT share price will be seen at 37,125.57 for the week.
Trading range for NIFTY IT share price for this week should be between 32,906.78 on down side and 38,119.13 on up side.
NIFTY IT Previous Week High: 36132
NIFTY IT Previous Week Low: 34394.55
NIFTY IT Previous Week Range: 1737.45 Points
NIFTY IT share price support and resistance for the week (December 25, 2023 – December 29, 2023)
| Level Type | Value |
|---|---|
| Resistance 3 | 38,119.13 |
| Resistance 2 | 37,125.57 |
| Resistance 1 | 36,381.68 |
| Support 1 | 34,644.23 |
| Support 2 | 33,650.67 |
| Support 3 | 32,906.78 |
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