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Check Nifty Pharma Index Full Analysis At Unicorn Signals
NIFTY PHARMA Weekly Outlook and Analysis:
For the Week: (Sept 05, 2022 – Sept 09, 2022
Check Nifty Pharma Index Full Analysis At Unicorn Signals
NIFTY PHARMA Index closed the week on negative note losing 74.30 points 0.59%.
Weekly High: 12,715.75
Weekly Low: 12,352.65
Weekly Close: 12,506.15
Weekly Support & Resistance For Nifty Pharma Index:
| RESISTANCE 2 | 12,887 |
| RESISTANCE 1 | 12,697 |
| SUPPORT 1 | 12,333 |
| SUPPORT 2 | 12,161 |
Technically on the daily charts we see minor support on the downside for NIFTY PHARMA index lies at 12350 levels, whereas minor resistance on the upside is capped around 12600-12650 levels.
If NIFTY PHARMA index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 12150 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 12800.
Currently NIFTY PHARMA index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 12250 on downside and 12700 on upside.
