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Power Grid Corp secures consultancy contract of Rs.21 crore

Power Grid Corp has secured project management consultancy contract of Rs.21 crore, from Power Grid Company of Bangladesh.

Power Grid Corp of India stated, “Power Grid has secured Project Management Consultancy Contract for construction of 1×500 MW HVDC Back to Back Station at Comilla North (Bangladesh) to transfer power through Surjamaninagar (India) – Comilla North (Bangladesh) with an estimated project cost of Rs.1,064 crore and consultancy fee of Rs.21 crore from Power Grid Company of Bangladesh (PGCB).”

Read EquityPandit’s Technical Analysis of Nifty Energy

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INDEX OUTLOOKMARKET OUTLOOKNIFTY ENERGY

NIFTY ENERGY Outlook for the Week (June 03, 2024 – June 07, 2024)

CRON USER
NIFTY ENERGY
NIFTY ENERGY closed the previous week on a negative note losing 4.90%.

Technically, NIFTY ENERGY share price will see immediate support at 39,420.17 and immediate resistance would be seen at 41,472.57.

If NIFTY ENERGY share price closes below immediate support of 39,420.17, then sharp breakdown can be seen. NIFTY ENERGY share price will see major support at 38,584.83 for the week.

On the positive side, immediate resistance will be seen at 41,472.57. Closing above 41,472.57, NIFTY ENERGY share price will see a sharp breakout. Major resistance for NIFTY ENERGY share price will be seen at 42,689.63 for the week.

Trading range for NIFTY ENERGY share price for this week should be between 37,367.77 on down side and 43,524.97 on up side.

NIFTY ENERGY Previous Week High: 41854.3

NIFTY ENERGY Previous Week Low: 39801.9

NIFTY ENERGY Previous Week Range: 2052.4 Points

NIFTY ENERGY share price support and resistance for the week (June 03, 2024 – June 07, 2024)

Level Type Value
Resistance 3 43,524.97
Resistance 2 42,689.63
Resistance 1 41,472.57
Support 1 39,420.17
Support 2 38,584.83
Support 3 37,367.77
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INDEX OUTLOOKMARKET OUTLOOKNIFTY ENERGY

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

CRON USER
NIFTY ENERGY
NIFTY ENERGY closed the previous week on a negative note losing 3.75%.

Technically, NIFTY ENERGY share price will see immediate support at 40,667.72 and immediate resistance would be seen at 42,239.27.

If NIFTY ENERGY share price closes below immediate support of 40,667.72, then sharp breakdown can be seen. NIFTY ENERGY share price will see major support at 39,700.78 for the week.

On the positive side, immediate resistance will be seen at 42,239.27. Closing above 42,239.27, NIFTY ENERGY share price will see a sharp breakout. Major resistance for NIFTY ENERGY share price will be seen at 42,843.88 for the week.

Trading range for NIFTY ENERGY share price for this week should be between 39,096.17 on down side and 43,810.82 on up side.

NIFTY ENERGY Previous Week High: 41876.95

NIFTY ENERGY Previous Week Low: 40305.4

NIFTY ENERGY Previous Week Range: 1571.55 Points

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

Level Type Value
Resistance 3 43,810.82
Resistance 2 42,843.88
Resistance 1 42,239.27
Support 1 40,667.72
Support 2 39,700.78
Support 3 39,096.17
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INDEX OUTLOOKMARKET OUTLOOKNIFTY ENERGY

NIFTY ENERGY Outlook for the Week (May 20, 2024 – May 24, 2024)

CRON USER
NIFTY ENERGY
NIFTY ENERGY closed the previous week on a negative note losing 5.54%.

Technically, NIFTY ENERGY share price will see immediate support at 38,834.10 and immediate resistance would be seen at 41,069.55.

If NIFTY ENERGY share price closes below immediate support of 38,834.10, then sharp breakdown can be seen. NIFTY ENERGY share price will see major support at 37,365.70 for the week.

On the positive side, immediate resistance will be seen at 41,069.55. Closing above 41,069.55, NIFTY ENERGY share price will see a sharp breakout. Major resistance for NIFTY ENERGY share price will be seen at 41,836.60 for the week.

Trading range for NIFTY ENERGY share price for this week should be between 36,598.65 on down side and 43,305.00 on up side.

NIFTY ENERGY Previous Week High: 40368.2

NIFTY ENERGY Previous Week Low: 38132.75

NIFTY ENERGY Previous Week Range: 2235.45 Points

NIFTY ENERGY share price support and resistance for the week (May 20, 2024 – May 24, 2024)

Level Type Value
Resistance 3 43,305.00
Resistance 2 41,836.60
Resistance 1 41,069.55
Support 1 38,834.10
Support 2 37,365.70
Support 3 36,598.65
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INDEX OUTLOOKMARKET OUTLOOKNIFTY ENERGY

NIFTY ENERGY Outlook for the Week (May 13, 2024 – May 17, 2024)

CRON USER
NIFTY ENERGY
NIFTY ENERGY closed the previous week on a negative note losing 5.82%.

Technically, NIFTY ENERGY share price will see immediate support at 38,059.13 and immediate resistance would be seen at 40,428.28.

If NIFTY ENERGY share price closes below immediate support of 38,059.13, then sharp breakdown can be seen. NIFTY ENERGY share price will see major support at 37,028.82 for the week.

On the positive side, immediate resistance will be seen at 40,428.28. Closing above 40,428.28, NIFTY ENERGY share price will see a sharp breakout. Major resistance for NIFTY ENERGY share price will be seen at 41,767.12 for the week.

Trading range for NIFTY ENERGY share price for this week should be between 35,689.98 on down side and 42,797.43 on up side.

NIFTY ENERGY Previous Week High: 40736.8

NIFTY ENERGY Previous Week Low: 38367.65

NIFTY ENERGY Previous Week Range: 2369.15 Points

NIFTY ENERGY share price support and resistance for the week (May 13, 2024 – May 17, 2024)

Level Type Value
Resistance 3 42,797.43
Resistance 2 41,767.12
Resistance 1 40,428.28
Support 1 38,059.13
Support 2 37,028.82
Support 3 35,689.98
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INDEX OUTLOOKMARKET OUTLOOKNIFTY ENERGY

NIFTY ENERGY Outlook for the Week (May 06, 2024 – May 10, 2024)

CRON USER
NIFTY ENERGY
NIFTY ENERGY closed the previous week on a negative note losing 2.87%.

Technically, NIFTY ENERGY share price will see immediate support at 40,005.58 and immediate resistance would be seen at 41,190.53.

If NIFTY ENERGY share price closes below immediate support of 40,005.58, then sharp breakdown can be seen. NIFTY ENERGY share price will see major support at 39,440.12 for the week.

On the positive side, immediate resistance will be seen at 41,190.53. Closing above 41,190.53, NIFTY ENERGY share price will see a sharp breakout. Major resistance for NIFTY ENERGY share price will be seen at 41,810.02 for the week.

Trading range for NIFTY ENERGY share price for this week should be between 38,820.63 on down side and 42,375.48 on up side.

NIFTY ENERGY Previous Week High: 41244.55

NIFTY ENERGY Previous Week Low: 40059.6

NIFTY ENERGY Previous Week Range: 1184.95 Points

NIFTY ENERGY share price support and resistance for the week (May 06, 2024 – May 10, 2024)

Level Type Value
Resistance 3 42,375.48
Resistance 2 41,810.02
Resistance 1 41,190.53
Support 1 40,005.58
Support 2 39,440.12
Support 3 38,820.63
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