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INDEX OUTLOOKMARKET OUTLOOKNIFTY SMALLCAP 100

NIFTY SMALLCAP 100 Outlook for the Week (May 27, 2024 – May 31, 2024)

NIFTY SMALLCAP 100
NIFTY SMALLCAP 100
NIFTY SMALLCAP 100 closed the previous week on a negative note losing 1.82%.

Technically, NIFTY SMALLCAP 100 share price will see immediate support at 16,729.08 and immediate resistance would be seen at 17,038.73.

If NIFTY SMALLCAP 100 share price closes below immediate support of 16,729.08, then sharp breakdown can be seen. NIFTY SMALLCAP 100 share price will see major support at 16,575.17 for the week.

17200.0017200.0017000.0017000.0016800.0016800.0016600.0016600.0016400.0016400.0016200.0016200.0016000.0016000.0015800.0015800.0015600.0015600.00Apr 10Apr 10Apr 16Apr 16Apr 22Apr 22Apr 25Apr 25Apr 30Apr 30May 6May 6May 9May 9May 14May 14May 17May 17May 22May 22Reversal Level 16710.23BuyBuySellSell

On the positive side, immediate resistance will be seen at 17,038.73. Closing above 17,038.73, NIFTY SMALLCAP 100 share price will see a sharp breakout. Major resistance for NIFTY SMALLCAP 100 share price will be seen at 17,194.47 for the week.

Trading range for NIFTY SMALLCAP 100 share price for this week should be between 16,419.43 on down side and 17,348.38 on up side.

NIFTY SMALLCAP 100 Previous Week High: 17040.55

NIFTY SMALLCAP 100 Previous Week Low: 16730.9

NIFTY SMALLCAP 100 Previous Week Range: 309.65 Points

NIFTY SMALLCAP 100 share price support and resistance for the week (May 27, 2024 – May 31, 2024)

Level Type Value
Resistance 3 17,348.38
Resistance 2 17,194.47
Resistance 1 17,038.73
Support 1 16,729.08
Support 2 16,575.17
Support 3 16,419.43
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