NIFTY METAL Outlook for the Week (August 07, 2023 - August 11, 2023)

NIFTY METAL closed the previous week on a negative note losing 4.21%.

Technically, NIFTY METAL share price will see immediate support at 6,497.15 and immediate resistance would be seen at 6,784.25.

If NIFTY METAL share price closes below immediate support of 6,497.15, then sharp breakdown can be seen. NIFTY METAL share price will see major support at 6,371.40 for the week.

On the positive side, immediate resistance will be seen at 6,784.25. Closing above 6,784.25, NIFTY METAL share price will see a sharp breakout. Major resistance for NIFTY METAL share price will be seen at 6,945.60 for the week.

Trading range for NIFTY METAL share price for this week should be between 6,210.05 on down side and 7,071.35 on up side.

NIFTY METAL Previous Week High: 6819.85

NIFTY METAL Previous Week Low: 6532.75

NIFTY METAL Previous Week Range: 287.1 Points

NIFTY METAL share price support and resistance for the week (August 07, 2023 – August 11, 2023)

Level Type	Value
Resistance 3	7,071.35
Resistance 2	6,945.60
Resistance 1	6,784.25
Support 1	6,497.15
Support 2	6,371.40
Support 3	6,210.05

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NIFTY METAL Outlook for the Week (August 07, 2023 – August 11, 2023)

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