The Market Commentary for September 12, 2023, and the projected levels for September 13, 2023. Here's a breakdown of the information:
September 12, 2023:
NIFTY closed at 19993.20.
NIFTY's highest point during the day was 20110.
NIFTY's lowest point during the day was 19915.
The commentary notes that NIFTY opened the day with a gap up at 20110 but saw continuous selling, especially in popular stocks. This suggests that significant players in the market may be exiting from these stocks at the current levels.
Projected NIFTY Levels for September 13, 2023:
Support levels: 19743 and 19683.
Resistance level: 20110.
The commentary provides potential support and resistance levels for the upcoming day. It mentions the recent high of 20110 as a resistance level where sellers appear to be active.
Market conditions can be influenced by a variety of factors, including investor sentiment, economic data, and global events. Traders and investors should stay informed, exercise caution, and consider risk management strategies when participating in the financial markets.
NIFTY's highest point during the day was 20110.
NIFTY's lowest point during the day was 19915.
The commentary notes that NIFTY opened the day with a gap up at 20110 but saw continuous selling, especially in popular stocks. This suggests that significant players in the market may be exiting from these stocks at the current levels.
Projected NIFTY Levels for September 13, 2023:
Support levels: 19743 and 19683.
Resistance level: 20110.
The commentary provides potential support and resistance levels for the upcoming day. It mentions the recent high of 20110 as a resistance level where sellers appear to be active.
Market conditions can be influenced by a variety of factors, including investor sentiment, economic data, and global events. Traders and investors should stay informed, exercise caution, and consider risk management strategies when participating in the financial markets.
September 12, 2023:
NIFTY closed at 19993.20.
NIFTY's highest point during the day was 20110.
NIFTY's lowest point during the day was 19915.
The commentary notes that NIFTY opened the day with a gap up at 20110 but saw continuous selling, especially in popular stocks. This suggests that significant players in the market may be exiting from these stocks at the current levels.
Projected NIFTY Levels for September 13, 2023:
Support levels: 19743 and 19683.
Resistance level: 20110.
The commentary provides potential support and resistance levels for the upcoming day. It mentions the recent high of 20110 as a resistance level where sellers appear to be active.
Market conditions can be influenced by a variety of factors, including investor sentiment, economic data, and global events. Traders and investors should stay informed, exercise caution, and consider risk management strategies when participating in the financial markets.
NIFTY's highest point during the day was 20110.
NIFTY's lowest point during the day was 19915.
The commentary notes that NIFTY opened the day with a gap up at 20110 but saw continuous selling, especially in popular stocks. This suggests that significant players in the market may be exiting from these stocks at the current levels.
Projected NIFTY Levels for September 13, 2023:
Support levels: 19743 and 19683.
Resistance level: 20110.
The commentary provides potential support and resistance levels for the upcoming day. It mentions the recent high of 20110 as a resistance level where sellers appear to be active.
Market conditions can be influenced by a variety of factors, including investor sentiment, economic data, and global events. Traders and investors should stay informed, exercise caution, and consider risk management strategies when participating in the financial markets.