The Market Commentary for September 21, 2023, and the projected levels for September 22, 2023. Here's a breakdown of the information:
September 21, 2023:
NIFTY closed at 19742.35.
NIFTY's highest point during the day was 19849.
NIFTY's lowest point during the day was 19710.
The commentary notes that all sectors traded in the red on this day, with the PSU banks sector experiencing the highest decline at 2.28%. The auto sector was down 1.69%, followed by the private banking sector, which was down 1.55%.
Projected NIFTY Levels for September 22, 2023:
Support levels: 19710 and 19538.
Resistance levels: 19850 and 19981.
The commentary provides potential support and resistance levels for the upcoming day. It suggests that after heavy selling across all sectors, the first support level for NIFTY is at 19710, with the next support level at 19538. On the upside, NIFTY may face resistance at 19850 and 19981.
Market conditions can change rapidly, so it's essential for traders and investors to stay informed and adapt their strategies accordingly. Consider risk management strategies and keep an eye on market developments to make well-informed decisions.
September 21, 2023:
NIFTY closed at 19742.35.
NIFTY's highest point during the day was 19849.
NIFTY's lowest point during the day was 19710.
The commentary notes that all sectors traded in the red on this day, with the PSU banks sector experiencing the highest decline at 2.28%. The auto sector was down 1.69%, followed by the private banking sector, which was down 1.55%.
Projected NIFTY Levels for September 22, 2023:
Support levels: 19710 and 19538.
Resistance levels: 19850 and 19981.
The commentary provides potential support and resistance levels for the upcoming day. It suggests that after heavy selling across all sectors, the first support level for NIFTY is at 19710, with the next support level at 19538. On the upside, NIFTY may face resistance at 19850 and 19981.
Market conditions can change rapidly, so it's essential for traders and investors to stay informed and adapt their strategies accordingly. Consider risk management strategies and keep an eye on market developments to make well-informed decisions.