The Market Commentary for September 11, 2023, and the projected levels for September 12, 2023. Here's a breakdown of the information:
September 11, 2023:
NIFTY closed at 19996.35.
NIFTY's highest point during the day was 20008.
NIFTY's lowest point during the day was 19865.
The commentary notes that NIFTY continues to perform strongly, not stopping in response to news. It's highlighted that NIFTY opened the day with a gap up from its resistance level of 19875 and reached a new lifetime high of 20008.
Projected NIFTY Levels for September 12, 2023:
Support levels: 19721 and 19616.
The commentary outlines potential support levels for the upcoming day, suggesting areas where the price might find support if it were to decline. It also mentions that bulls appear to be in full swing, indicating strong buying interest in the market.
A strong bullish sentiment can indeed lead to upward momentum, and in such cases, resistance levels may not provide significant obstacles. However, it's essential for traders and investors to remain cautious and consider risk management strategies as market conditions can change rapidly.
Always stay informed about current events, monitor market trends, and be prepared for various scenarios while participating in the financial markets.
September 11, 2023:
NIFTY closed at 19996.35.
NIFTY's highest point during the day was 20008.
NIFTY's lowest point during the day was 19865.
The commentary notes that NIFTY continues to perform strongly, not stopping in response to news. It's highlighted that NIFTY opened the day with a gap up from its resistance level of 19875 and reached a new lifetime high of 20008.
Projected NIFTY Levels for September 12, 2023:
Support levels: 19721 and 19616.
The commentary outlines potential support levels for the upcoming day, suggesting areas where the price might find support if it were to decline. It also mentions that bulls appear to be in full swing, indicating strong buying interest in the market.
A strong bullish sentiment can indeed lead to upward momentum, and in such cases, resistance levels may not provide significant obstacles. However, it's essential for traders and investors to remain cautious and consider risk management strategies as market conditions can change rapidly.
Always stay informed about current events, monitor market trends, and be prepared for various scenarios while participating in the financial markets.