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INDEX OUTLOOKMARKET OUTLOOKNIFTY OIL & GAS

NIFTY OIL & GAS Outlook for the Week (April 15, 2024 – April 19, 2024)

NIFTY OIL & GAS
NIFTY OIL & GAS
NIFTY OIL & GAS closed the previous week on a negative note losing 2.66%.

Technically, NIFTY OIL & GAS share price will see immediate support at 11,507.82 and immediate resistance would be seen at 11,823.17.

If NIFTY OIL & GAS share price closes below immediate support of 11,507.82, then sharp breakdown can be seen. NIFTY OIL & GAS share price will see major support at 11,367.88 for the week.

On the positive side, immediate resistance will be seen at 11,823.17. Closing above 11,823.17, NIFTY OIL & GAS share price will see a sharp breakout. Major resistance for NIFTY OIL & GAS share price will be seen at 11,998.58 for the week.

Trading range for NIFTY OIL & GAS share price for this week should be between 11,192.47 on down side and 12,138.52 on up side.

NIFTY OIL & GAS Previous Week High: 11858.65

NIFTY OIL & GAS Previous Week Low: 11543.3

NIFTY OIL & GAS Previous Week Range: 315.35 Points

NIFTY OIL & GAS share price support and resistance for the week (April 15, 2024 – April 19, 2024)

Level Type Value
Resistance 3 12,138.52
Resistance 2 11,998.58
Resistance 1 11,823.17
Support 1 11,507.82
Support 2 11,367.88
Support 3 11,192.47
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