The Market Commentary for October 3, 2023, and the projected NIFTY levels for October 4, 2023. Here's a breakdown of the information:
October 3, 2023:
NIFTY closed at 19528.75.
NIFTY's highest point during the day was 19623.
NIFTY's lowest point during the day was 19480.
The commentary notes that the NIFTY chart on this day showed signs of weakness, suggesting the possibility of more downward movement in the coming days.
Projected NIFTY Levels for October 4, 2023:
Support levels: 19482 and 19319.
Resistance levels: 19665, 19723, and 19800.
The commentary provides potential support and resistance levels for October 4, 2023. It indicates the first support level at 19482, with the next support level at 19319. Resistance levels are noted at 19665, 19723, and 19800.
A closing below 19482 is mentioned as a potential trigger for a sharp fall.
As always, traders and investors should closely monitor market conditions, adhere to risk management strategies, and consider their individual trading objectives when making decisions. Market sentiment can change, so staying informed is crucial.
October 3, 2023:
NIFTY closed at 19528.75.
NIFTY's highest point during the day was 19623.
NIFTY's lowest point during the day was 19480.
The commentary notes that the NIFTY chart on this day showed signs of weakness, suggesting the possibility of more downward movement in the coming days.
Projected NIFTY Levels for October 4, 2023:
Support levels: 19482 and 19319.
Resistance levels: 19665, 19723, and 19800.
The commentary provides potential support and resistance levels for October 4, 2023. It indicates the first support level at 19482, with the next support level at 19319. Resistance levels are noted at 19665, 19723, and 19800.
A closing below 19482 is mentioned as a potential trigger for a sharp fall.
As always, traders and investors should closely monitor market conditions, adhere to risk management strategies, and consider their individual trading objectives when making decisions. Market sentiment can change, so staying informed is crucial.