Nifty View 2nd Week (11-15 Sept'23)

Nifty View for 2nd week of Sept'23 (11-15 Sept'23)

Nifty overall view - Bullish
Reason
- No reason for bearish - Market always need a reason for fall.
- Due to on going G-20 summit, there is high probability of rise market, because in meeting there could be major deals can take place in many sectors.
- Another reason, we are seeing breakouts and good movement in IT / Pharma / Metal / Infra sectors. These sectors also having high volumes in Nifty50 that could also rise the market.

Important Levels of NIfty50

1st Resistance - 20000
2nd Resistance - Hi-Fly

1st Support - 19875
2nd support - 19730
3rd support - 19544

Disclaimer - I'm not SEBI certify advisor, it's my personal study and view and submitted for information and education purpose only. I'm not recommending any kind of trade advise here. So you would be solely responsible for any kind of profit / loss.

Trade closed: target reached:

Nifty almost reached near to our target on first trading session. :)
Picture abhi baaki hai mere dost. ;)

Trade active:

Trading as per our prediction.