The Market Commentary for September 14, 2023, and the projected levels for September 15, 2023. Here's a breakdown of the information:
September 14, 2023:
NIFTY closed at 20103.10.
NIFTY's highest point during the day was 20163.
NIFTY's lowest point during the day was 20043.
The commentary notes that the auto sector was up 1.09%, and the metal sector was up 1.49% on that day. This suggests that there was positive performance in these sectors.
It's also mentioned that it seems bulls are in full control and are eager to push the market to new highs regularly.
Projected NIFTY Levels for September 15, 2023:
Support levels: 19883 and 19830.
Resistance level: 20163.
The commentary outlines potential support and resistance levels for the upcoming day. It suggests that the high of 20163 from the previous day might be broken easily, reflecting the strong bullish sentiment in the market.
A bullish market can indeed see continued momentum and new highs, but it's essential for traders and investors to remain cautious and consider risk management strategies. Markets can be influenced by a variety of factors, and corrections can occur even in bullish trends.
September 14, 2023:
NIFTY closed at 20103.10.
NIFTY's highest point during the day was 20163.
NIFTY's lowest point during the day was 20043.
The commentary notes that the auto sector was up 1.09%, and the metal sector was up 1.49% on that day. This suggests that there was positive performance in these sectors.
It's also mentioned that it seems bulls are in full control and are eager to push the market to new highs regularly.
Projected NIFTY Levels for September 15, 2023:
Support levels: 19883 and 19830.
Resistance level: 20163.
The commentary outlines potential support and resistance levels for the upcoming day. It suggests that the high of 20163 from the previous day might be broken easily, reflecting the strong bullish sentiment in the market.
A bullish market can indeed see continued momentum and new highs, but it's essential for traders and investors to remain cautious and consider risk management strategies. Markets can be influenced by a variety of factors, and corrections can occur even in bullish trends.