Projected NIFTY Levels for October 9, 2023:
The Market Commentary for October 6, 2023, and the projected NIFTY levels for October 9, 2023. Here's a summary of the information:
October 6, 2023:
NIFTY closed at 19653.50.
NIFTY's highest point during the day was 19676.
NIFTY's lowest point during the day was 19589.
The commentary notes that NIFTY opened with a gap up and closed near its resistance level of 19660.
Projected NIFTY Levels for October 9, 2023:
Support levels: 19548 and 19475.
Resistance levels: 19660 and 19739.
The commentary provides potential support and resistance levels for October 9, 2023. It suggests that the first support level is at 19548, followed by 19475. The first resistance level is 19660, with the next resistance level at 19739. Closing above 19739 is mentioned as having the potential to allow NIFTY to surpass its previous high of 20222.
Traders and investors should closely monitor these levels and market developments to make informed trading decisions. It's important to remain adaptable and implement risk management strategies in response to changing market conditions.
October 6, 2023:
NIFTY closed at 19653.50.
NIFTY's highest point during the day was 19676.
NIFTY's lowest point during the day was 19589.
The commentary notes that NIFTY opened with a gap up and closed near its resistance level of 19660.
Projected NIFTY Levels for October 9, 2023:
Support levels: 19548 and 19475.
Resistance levels: 19660 and 19739.
The commentary provides potential support and resistance levels for October 9, 2023. It suggests that the first support level is at 19548, followed by 19475. The first resistance level is 19660, with the next resistance level at 19739. Closing above 19739 is mentioned as having the potential to allow NIFTY to surpass its previous high of 20222.
Traders and investors should closely monitor these levels and market developments to make informed trading decisions. It's important to remain adaptable and implement risk management strategies in response to changing market conditions.
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