The Market Commentary for October 11, 2023, and the projected NIFTY levels for the 12.10.2023. Here's a summary of the information:
October 11, 2023:
NIFTY closed at 19811.35.
NIFTY's highest point during the day was 19839.
NIFTY's lowest point during the day was 19757.
The commentary notes that NIFTY successfully crossed and closed above its major resistance level of 19778.
Projected NIFTY Levels for October 12, 2023:
Support levels: 19778 and 19660.
Resistance level: 19880.
The commentary provides potential support and resistance levels for October 12, 2023. It mentions that the first strong support level is at 19778, followed by 19660. The resistance level is set at 19880.
The successful breach of the resistance level and the potential for NIFTY to create a new high are highlighted.
As always, traders and investors should monitor market conditions and adapt their strategies accordingly, while considering their risk management plans. Market sentiment can change rapidly, so staying informed is essential.
October 11, 2023:
NIFTY closed at 19811.35.
NIFTY's highest point during the day was 19839.
NIFTY's lowest point during the day was 19757.
The commentary notes that NIFTY successfully crossed and closed above its major resistance level of 19778.
Projected NIFTY Levels for October 12, 2023:
Support levels: 19778 and 19660.
Resistance level: 19880.
The commentary provides potential support and resistance levels for October 12, 2023. It mentions that the first strong support level is at 19778, followed by 19660. The resistance level is set at 19880.
The successful breach of the resistance level and the potential for NIFTY to create a new high are highlighted.
As always, traders and investors should monitor market conditions and adapt their strategies accordingly, while considering their risk management plans. Market sentiment can change rapidly, so staying informed is essential.