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Nifty 50 Market Analysis for Tomorrow

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NSE:NIFTY   Nifty 50 Index
**Nifty 50 Market Analysis for Tomorrow, 29th September 2023**

** interesting headline:**

**Nifty 50: Key Levels to Watch for Tomorrow's Trading**

**Analysis:**

Nifty 50 has good support levels at 19400. If the market breaks below 19400, then a further fall is possible. For an upside move, the market needs to close a 15-minute candle above 19600. The upper side resistance is at 19700.

**For tomorrow, the support and resistance levels are as follows:**

**Support:**

* 19500
* 19400

**Resistance:**

* 19600
* 19700

**If the market opens gap-up tomorrow, then 19400 will be a big support level.** If the market breaks below 19400, then it can go down to 19250-19300 zone.

**On the upper side, 19600 is a good resistance level for the market.** If the market breaks 19600 and sustains above it, then a buying side entry may be possible up to 19700. 19700 is also a resistance level for tomorrow.

**Overall, the market is in a volatile phase, and it is important to trade with caution.** Traders should keep a close eye on the support and resistance levels, and trade accordingly.

**Additional tips:**

* If you are a short-term trader, then you can look to trade the range between 19400 and 19600.
* If you are a medium-term trader, then you can look to buy if the market breaks above 19600 and sustains above it.
* If you are a long-term trader, then you can look to buy on dips, with a stop loss below 19400.

**Please note that this is just a market analysis, and it is not a trading recommendation. Please do your own research and consult with a financial advisor before making any trading decisions.**
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