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INDEX OUTLOOKMARKET OUTLOOKNIFTY OIL & GAS

NIFTY OIL & GAS Outlook for the Week (December 18, 2023 – December 22, 2023)

NIFTY OIL & GAS
NIFTY OIL & GAS
NIFTY OIL & GAS closed the previous week on a negative note losing 3.61%.

Technically, NIFTY OIL & GAS share price will see immediate support at 8,942.82 and immediate resistance would be seen at 9,274.67.

If NIFTY OIL & GAS share price closes below immediate support of 8,942.82, then sharp breakdown can be seen. NIFTY OIL & GAS share price will see major support at 8,734.73 for the week.

On the positive side, immediate resistance will be seen at 9,274.67. Closing above 9,274.67, NIFTY OIL & GAS share price will see a sharp breakout. Major resistance for NIFTY OIL & GAS share price will be seen at 9,398.43 for the week.

Trading range for NIFTY OIL & GAS share price for this week should be between 8,610.97 on down side and 9,606.52 on up side.

NIFTY OIL & GAS Previous Week High: 9190.35

NIFTY OIL & GAS Previous Week Low: 8858.5

NIFTY OIL & GAS Previous Week Range: 331.85 Points

NIFTY OIL & GAS share price support and resistance for the week (December 18, 2023 – December 22, 2023)

Level Type Value
Resistance 3 9,606.52
Resistance 2 9,398.43
Resistance 1 9,274.67
Support 1 8,942.82
Support 2 8,734.73
Support 3 8,610.97
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