Nifty 50 IndexUpdated Nifty Outlook 26th Sep 23
Range - 19561/19786
Extended Range - 19479/19868
Looking at the low volume yesterday, no wonder we closed with a doji. Clearly the big hands are waiting for clarity on the government shutdown in the US. Closing again at the same spot on 2 consecutive days conveys support at that level. Anyways the long formed channel will not be easy to break. But once done, we can extreme selling. That said volatility may continue. View today is negative to sideways for closing.
Extended Range - 19479/19868
Looking at the low volume yesterday, no wonder we closed with a doji. Clearly the big hands are waiting for clarity on the government shutdown in the US. Closing again at the same spot on 2 consecutive days conveys support at that level. Anyways the long formed channel will not be easy to break. But once done, we can extreme selling. That said volatility may continue. View today is negative to sideways for closing.
Trade closed: target reached
Nifty closed in the range forecasted.
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