The Market Commentary for September 15, 2023, and the projected levels for September 18, 2023. Here's a breakdown of the information:
September 15, 2023:
NIFTY closed at 20129.70.
NIFTY's highest point during the day was 20222.
NIFTY's lowest point during the day was 20130.
The commentary notes that the auto sector was up by 1.58%, the IT sector was up by 0.94%, and the FMCG sector was down by 0.48%. This indicates sector-specific movements within the market.
The commentary continues to suggest that bulls are in full control and are eager to drive the market to new highs regularly.
Projected NIFTY Levels for September 18, 2023:
Support levels: 19974, 19857, and 19723.
Resistance level: 20222.
The commentary provides potential support and resistance levels for the upcoming days. It also mentions the possibility of NIFTY reaching 20500 levels soon, indicating a continued bullish outlook.
It's important for traders and investors to remain cautious and consider risk management strategies even in a strongly bullish market. Market conditions can change, and corrections can occur, so staying informed and vigilant is crucial.
September 15, 2023:
NIFTY closed at 20129.70.
NIFTY's highest point during the day was 20222.
NIFTY's lowest point during the day was 20130.
The commentary notes that the auto sector was up by 1.58%, the IT sector was up by 0.94%, and the FMCG sector was down by 0.48%. This indicates sector-specific movements within the market.
The commentary continues to suggest that bulls are in full control and are eager to drive the market to new highs regularly.
Projected NIFTY Levels for September 18, 2023:
Support levels: 19974, 19857, and 19723.
Resistance level: 20222.
The commentary provides potential support and resistance levels for the upcoming days. It also mentions the possibility of NIFTY reaching 20500 levels soon, indicating a continued bullish outlook.
It's important for traders and investors to remain cautious and consider risk management strategies even in a strongly bullish market. Market conditions can change, and corrections can occur, so staying informed and vigilant is crucial.