The Market Commentary for September 8, 2023, and the projected levels for September 11, 2023. Here's a breakdown of the information:
September 8, 2023:
NIFTY closed at 19817.95.
NIFTY's highest point during the day was 19867.
NIFTY's lowest point during the day was 19727.
The commentary notes that NIFTY continues to respond positively to what might traditionally be considered negative news, indicating a strong bullish sentiment in the market. It's also mentioned that NIFTY was unable to cross and close above 19875.
Projected NIFTY Levels for September 11, 2023:
The commentary suggests that bulls are exerting strong pressure on the market.
There's mention of the possibility of NIFTY surpassing its lifetime high, which is 19991.85.
Support levels: 19600 and 19546.
Resistance levels: 19875 and 19992.
The commentary outlines potential support and resistance levels for the upcoming days, with a continued optimistic outlook regarding the potential for NIFTY to reach new record highs.
As always, market conditions can change rapidly, and various factors can influence sentiment and price movements. Traders and investors should remain vigilant, stay informed about current events, and consider risk management strategies while participating in the financial markets.
September 8, 2023:
NIFTY closed at 19817.95.
NIFTY's highest point during the day was 19867.
NIFTY's lowest point during the day was 19727.
The commentary notes that NIFTY continues to respond positively to what might traditionally be considered negative news, indicating a strong bullish sentiment in the market. It's also mentioned that NIFTY was unable to cross and close above 19875.
Projected NIFTY Levels for September 11, 2023:
The commentary suggests that bulls are exerting strong pressure on the market.
There's mention of the possibility of NIFTY surpassing its lifetime high, which is 19991.85.
Support levels: 19600 and 19546.
Resistance levels: 19875 and 19992.
The commentary outlines potential support and resistance levels for the upcoming days, with a continued optimistic outlook regarding the potential for NIFTY to reach new record highs.
As always, market conditions can change rapidly, and various factors can influence sentiment and price movements. Traders and investors should remain vigilant, stay informed about current events, and consider risk management strategies while participating in the financial markets.