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NIFTY IT closed the previous week on a negative note losing 4.24%.
Technically, NIFTY IT share price will see immediate support at 36,244.85 and immediate resistance would be seen at 37,844.10.
If NIFTY IT share price closes below immediate support of 36,244.85, then sharp breakdown can be seen. NIFTY IT share price will see major support at 35,389.80 for the week.
On the positive side, immediate resistance will be seen at 37,844.10. Closing above 37,844.10, NIFTY IT share price will see a sharp breakout. Major resistance for NIFTY IT share price will be seen at 38,588.30 for the week.
Trading range for NIFTY IT share price for this week should be between 34,645.60 on down side and 39,443.35 on up side.
NIFTY IT Previous Week High: 37733.25
NIFTY IT Previous Week Low: 36134
NIFTY IT Previous Week Range: 1599.25 Points
NIFTY IT share price support and resistance for the week (March 11, 2024 – March 15, 2024)
| Level Type | Value |
|---|---|
| Resistance 3 | 39,443.35 |
| Resistance 2 | 38,588.30 |
| Resistance 1 | 37,844.10 |
| Support 1 | 36,244.85 |
| Support 2 | 35,389.80 |
| Support 3 | 34,645.60 |
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