The Market Commentary for September 4, 2023, and the projected levels for September 5, 2023. Here's a breakdown of the information:
September 4, 2023:
NIFTY closed at 19528.80.
NIFTY's highest point during the day was 19545.
NIFTY's lowest point during the day was 19433.
The commentary provides the closing price and the daily high and low for NIFTY on September 4, 2023.
Projected NIFTY Levels for September 5, 2023:
Support levels: 19510, 19475, 19404.
Resistance level: 19560.
The commentary outlines support levels at 19510, 19475, and 19404, suggesting potential areas where the price might find support if it were to decline. Additionally, it mentions a resistance level at 19560, indicating a level where the price might face difficulty moving above due to selling pressure.
The commentary also notes that closing above 19560 would be a bullish signal, suggesting a potential resurgence of buying interest.
As always, market conditions can change rapidly based on various factors, so it's important to stay informed and consider both technical and fundamental aspects when making investment decisions. Traders and investors should exercise caution and consider their risk tolerance.
September 4, 2023:
NIFTY closed at 19528.80.
NIFTY's highest point during the day was 19545.
NIFTY's lowest point during the day was 19433.
The commentary provides the closing price and the daily high and low for NIFTY on September 4, 2023.
Projected NIFTY Levels for September 5, 2023:
Support levels: 19510, 19475, 19404.
Resistance level: 19560.
The commentary outlines support levels at 19510, 19475, and 19404, suggesting potential areas where the price might find support if it were to decline. Additionally, it mentions a resistance level at 19560, indicating a level where the price might face difficulty moving above due to selling pressure.
The commentary also notes that closing above 19560 would be a bullish signal, suggesting a potential resurgence of buying interest.
As always, market conditions can change rapidly based on various factors, so it's important to stay informed and consider both technical and fundamental aspects when making investment decisions. Traders and investors should exercise caution and consider their risk tolerance.