The Market Commentary for September 22, 2023, and the projected levels for September 25, 2023. Here's a breakdown of the information:
September 22, 2023:
NIFTY closed at 19674.25.
NIFTY's highest point during the day was 19799.
NIFTY's lowest point during the day was 19658.
The commentary notes that only the PSU banking sector closed up by 3.51%, while other sectors did not perform well on that day.
Projected NIFTY Levels for September 25, 2023:
Support levels: 19538 and 19235.
Resistance levels: 19723 and 19960.
The commentary provides potential support and resistance levels for the upcoming day. It also suggests that daily data for NIFTY indicates the possibility of a deep correction in the coming days. The strong support levels are at 19538 and 19235, while resistance levels are at 19723 and 19960.
Market conditions can change rapidly, and corrections are a normal part of market cycles. It's important for traders and investors to stay informed and adapt their strategies as needed. Risk management is crucial when navigating volatile markets.
September 22, 2023:
NIFTY closed at 19674.25.
NIFTY's highest point during the day was 19799.
NIFTY's lowest point during the day was 19658.
The commentary notes that only the PSU banking sector closed up by 3.51%, while other sectors did not perform well on that day.
Projected NIFTY Levels for September 25, 2023:
Support levels: 19538 and 19235.
Resistance levels: 19723 and 19960.
The commentary provides potential support and resistance levels for the upcoming day. It also suggests that daily data for NIFTY indicates the possibility of a deep correction in the coming days. The strong support levels are at 19538 and 19235, while resistance levels are at 19723 and 19960.
Market conditions can change rapidly, and corrections are a normal part of market cycles. It's important for traders and investors to stay informed and adapt their strategies as needed. Risk management is crucial when navigating volatile markets.