NIFTY SMALLCAP 100 Outlook for the Week (August 28, 2023 - September 01, 2023)

NIFTY SMALLCAP 100 closed the previous week on a negative note losing 2.97%.

Technically, NIFTY SMALLCAP 100 share price will see immediate support at 11,692.40 and immediate resistance would be seen at 12,050.70.

If NIFTY SMALLCAP 100 share price closes below immediate support of 11,692.40, then sharp breakdown can be seen. NIFTY SMALLCAP 100 share price will see major support at 11,515.35 for the week.

On the positive side, immediate resistance will be seen at 12,050.70. Closing above 12,050.70, NIFTY SMALLCAP 100 share price will see a sharp breakout. Major resistance for NIFTY SMALLCAP 100 share price will be seen at 12,231.95 for the week.

Trading range for NIFTY SMALLCAP 100 share price for this week should be between 11,334.10 on down side and 12,409.00 on up side.

NIFTY SMALLCAP 100 Previous Week High: 12054.9

NIFTY SMALLCAP 100 Previous Week Low: 11696.6

NIFTY SMALLCAP 100 Previous Week Range: 358.3 Points

NIFTY SMALLCAP 100 share price support and resistance for the week (August 28, 2023 – September 01, 2023)

Level Type	Value
Resistance 3	12,409.00
Resistance 2	12,231.95
Resistance 1	12,050.70
Support 1	11,692.40
Support 2	11,515.35
Support 3	11,334.10

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NIFTY SMALLCAP 100 Outlook for the Week (August 28, 2023 – September 01, 2023)

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