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INDEX OUTLOOKMARKET OUTLOOKNIFTY OIL & GAS

NIFTY OIL & GAS Outlook for the Week (March 11, 2024 – March 15, 2024)

NIFTY OIL & GAS
NIFTY OIL & GAS
NIFTY OIL & GAS closed the previous week on a negative note losing 2.92%.

Technically, NIFTY OIL & GAS share price will see immediate support at 11,630.30 and immediate resistance would be seen at 11,982.10.

If NIFTY OIL & GAS share price closes below immediate support of 11,630.30, then sharp breakdown can be seen. NIFTY OIL & GAS share price will see major support at 11,492.35 for the week.

On the positive side, immediate resistance will be seen at 11,982.10. Closing above 11,982.10, NIFTY OIL & GAS share price will see a sharp breakout. Major resistance for NIFTY OIL & GAS share price will be seen at 12,195.95 for the week.

Trading range for NIFTY OIL & GAS share price for this week should be between 11,278.50 on down side and 12,333.90 on up side.

NIFTY OIL & GAS Previous Week High: 12058

NIFTY OIL & GAS Previous Week Low: 11706.2

NIFTY OIL & GAS Previous Week Range: 351.8 Points

NIFTY OIL & GAS share price support and resistance for the week (March 11, 2024 – March 15, 2024)

Level Type Value
Resistance 3 12,333.90
Resistance 2 12,195.95
Resistance 1 11,982.10
Support 1 11,630.30
Support 2 11,492.35
Support 3 11,278.50
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