The Market Commentary for October 5, 2023, and the projected NIFTY levels for the next day. Here's a breakdown of the information:
October 5, 2023:
NIFTY closed at 19545.75.
NIFTY's highest point during the day was 19577.
NIFTY's lowest point during the day was 19487.
The commentary notes that NIFTY attempted multiple times to break above the resistance level of 19567 but was unsuccessful in doing so. The IT sector was mentioned as the major gainer for the day.
Projected NIFTY Levels for October 6, 2023:
Support levels: 19478 and 19319.
Resistance levels: 19660 and 19723.
The commentary provides potential support and resistance levels for October 6, 2023. It emphasizes the significance of the closing level at 19548 on this day. If NIFTY closes below this level, it suggests the possibility of selling pressure.
As always, traders and investors should closely monitor market conditions, especially key support and resistance levels, and consider risk management strategies to adapt to changing market dynamics. Market sentiment can shift rapidly, and it's important to stay informed.
October 5, 2023:
NIFTY closed at 19545.75.
NIFTY's highest point during the day was 19577.
NIFTY's lowest point during the day was 19487.
The commentary notes that NIFTY attempted multiple times to break above the resistance level of 19567 but was unsuccessful in doing so. The IT sector was mentioned as the major gainer for the day.
Projected NIFTY Levels for October 6, 2023:
Support levels: 19478 and 19319.
Resistance levels: 19660 and 19723.
The commentary provides potential support and resistance levels for October 6, 2023. It emphasizes the significance of the closing level at 19548 on this day. If NIFTY closes below this level, it suggests the possibility of selling pressure.
As always, traders and investors should closely monitor market conditions, especially key support and resistance levels, and consider risk management strategies to adapt to changing market dynamics. Market sentiment can shift rapidly, and it's important to stay informed.