The Market Commentary for September 18, 2023. Here's a breakdown of the information:
September 18, 2023:
NIFTY closed at 20133.30.
NIFTY's highest point during the day was 20195.
NIFTY's lowest point during the day was 20116.
The commentary notes that the PSU banking sector was up by 3.39%, indicating a positive performance in this sector, while the metal sector was down by 1.11%.
Projected NIFTY Levels for September 20, 2023:
Support levels: 19981, 19886, and 19723.
Resistance level: 20222.
The commentary provides potential support and resistance levels for the upcoming day. It suggests that in a normal correction, NIFTY may touch the first support level at 19981.
As always, it's essential for traders and investors to remain vigilant, consider risk management strategies, and stay informed about market developments. Market conditions can change, and technical corrections are a natural part of market dynamics.
September 18, 2023:
NIFTY closed at 20133.30.
NIFTY's highest point during the day was 20195.
NIFTY's lowest point during the day was 20116.
The commentary notes that the PSU banking sector was up by 3.39%, indicating a positive performance in this sector, while the metal sector was down by 1.11%.
Projected NIFTY Levels for September 20, 2023:
Support levels: 19981, 19886, and 19723.
Resistance level: 20222.
The commentary provides potential support and resistance levels for the upcoming day. It suggests that in a normal correction, NIFTY may touch the first support level at 19981.
As always, it's essential for traders and investors to remain vigilant, consider risk management strategies, and stay informed about market developments. Market conditions can change, and technical corrections are a natural part of market dynamics.