Signals, Powered By EquityPandit
NIFTY MEDIA closed the previous week on a negative note losing 10.19%.
Technically, NIFTY MEDIA share price will see immediate support at 2,069.00 and immediate resistance would be seen at 2,300.30.
If NIFTY MEDIA share price closes below immediate support of 2,069.00, then sharp breakdown can be seen. NIFTY MEDIA share price will see major support at 1,937.90 for the week.
On the positive side, immediate resistance will be seen at 2,300.30. Closing above 2,300.30, NIFTY MEDIA share price will see a sharp breakout. Major resistance for NIFTY MEDIA share price will be seen at 2,400.50 for the week.
Trading range for NIFTY MEDIA share price for this week should be between 1,837.70 on down side and 2,531.60 on up side.
NIFTY MEDIA Previous Week High: 2269.4
NIFTY MEDIA Previous Week Low: 2038.1
NIFTY MEDIA Previous Week Range: 231.3 Points
NIFTY MEDIA share price support and resistance for the week (August 14, 2023 – August 18, 2023)
| Level Type | Value |
|---|---|
| Resistance 3 | 2,531.60 |
| Resistance 2 | 2,400.50 |
| Resistance 1 | 2,300.30 |
| Support 1 | 2,069.00 |
| Support 2 | 1,937.90 |
| Support 3 | 1,837.70 |
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