The Market Commentary for September 28, 2023, and the projected NIFTY levels for September 29, 2023. Here's a breakdown of the information:
September 28, 2023:
NIFTY closed at 19523.55.
NIFTY's highest point during the day was 19762.
NIFTY's lowest point during the day was 19492.
The commentary notes that, as expected, it was a volatile expiry day, but NIFTY remained in a one-sided direction.
Projected NIFTY Levels for September 29, 2023:
Support levels: 19520 and 19273.
Resistance levels: 19723 and 19856.
The commentary provides potential support and resistance levels for September 29, 2023. It mentions that NIFTY closed just above the support level of 19520, and a bounce back is expected on the following day.
Expiry days can indeed be characterized by increased volatility, and traders should be prepared for sudden price movements. Support and resistance levels can help guide trading decisions, but it's essential to remain vigilant and consider risk management strategies in such market conditions.
September 28, 2023:
NIFTY closed at 19523.55.
NIFTY's highest point during the day was 19762.
NIFTY's lowest point during the day was 19492.
The commentary notes that, as expected, it was a volatile expiry day, but NIFTY remained in a one-sided direction.
Projected NIFTY Levels for September 29, 2023:
Support levels: 19520 and 19273.
Resistance levels: 19723 and 19856.
The commentary provides potential support and resistance levels for September 29, 2023. It mentions that NIFTY closed just above the support level of 19520, and a bounce back is expected on the following day.
Expiry days can indeed be characterized by increased volatility, and traders should be prepared for sudden price movements. Support and resistance levels can help guide trading decisions, but it's essential to remain vigilant and consider risk management strategies in such market conditions.