Nifty 50 Technical Analysis for September 20 2023**Nifty 50 Technical Analysis for September 20, 2023**
**Key Points:**
* Nifty 50 levels from the previous day worked, but if it breaks 20100 and trades below, then we can see a fall.
* Support and resistance levels for September 20, 2023:
* Support: 20100, 19950
* Resistance: 20150, 20200
* If the market trades below 20064, then a bearish trade can be done.
* If the market trades above 20200, then a bullish trade can be done.
**Overall Analysis:**
Nifty 50 is currently trading in a narrow range, with support at 20100 and resistance at 20200. If the market breaks 20100 and trades below, then we can see a fall towards 19950. However, if the market trades above 20200, then we can see a rise towards 20250.
**Trading Strategy:**
* **Bullish Trade:** If the market trades above 20200, then go long with a stop loss below 20100.
* **Bearish Trade:** If the market trades below 20100, then go short with a stop loss above 20200.
**Risk Management:**
* Always risk a small percentage of your capital on each trade.
* Use stop losses to limit your losses.
**Disclaimer:**
This is just a technical analysis and should not be taken as a trading recommendation. Please do your own research before making any trading decisions.
