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INDEX OUTLOOKMARKET OUTLOOKNIFTY OIL & GAS

NIFTY OIL & GAS Outlook for the Week (October 09, 2023 – October 13, 2023)

NIFTY OIL & GAS
NIFTY OIL & GAS
NIFTY OIL & GAS closed the previous week on a negative note losing 2.11%.

Technically, NIFTY OIL & GAS share price will see immediate support at 7,710.38 and immediate resistance would be seen at 7,877.08.

If NIFTY OIL & GAS share price closes below immediate support of 7,710.38, then sharp breakdown can be seen. NIFTY OIL & GAS share price will see major support at 7,630.02 for the week.

On the positive side, immediate resistance will be seen at 7,877.08. Closing above 7,877.08, NIFTY OIL & GAS share price will see a sharp breakout. Major resistance for NIFTY OIL & GAS share price will be seen at 7,963.42 for the week.

Trading range for NIFTY OIL & GAS share price for this week should be between 7,543.68 on down side and 8,043.78 on up side.

NIFTY OIL & GAS Previous Week High: 7883.05

NIFTY OIL & GAS Previous Week Low: 7716.35

NIFTY OIL & GAS Previous Week Range: 166.7 Points

NIFTY OIL & GAS share price support and resistance for the week (October 09, 2023 – October 13, 2023)

Level Type Value
Resistance 3 8,043.78
Resistance 2 7,963.42
Resistance 1 7,877.08
Support 1 7,710.38
Support 2 7,630.02
Support 3 7,543.68
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