The Market Commentary for August 31, 2023, and the projected levels for September 1, 2023. Here's a breakdown of the information:
August 31, 2023:
NIFTY closed at 19253.80.
NIFTY's highest point during the day was 19388.
NIFTY's lowest point during the day was 19224.
The commentary notes that the monthly expiry of F&O (Futures and Options) contracts had a significant impact on the market. Throughout the day, selling was observed, indicating that bearish sentiment dominated. It's mentioned that the psychological level of 19300 was easily broken.
Projected NIFTY Levels for September 1, 2023:
Strong support: 19026.
Resistance levels: 19400, 19475, 19550.
The commentary provides projected support and resistance levels for the upcoming day. The strong support is noted at 19026, and resistance levels are outlined for potential upward movements.
Market conditions can be influenced by a variety of factors, and sentiment can change rapidly. It's important to stay informed about current events and market trends while considering both technical and fundamental aspects of the market. Always exercise caution and consider multiple sources of information when making investment decisions.
August 31, 2023:
NIFTY closed at 19253.80.
NIFTY's highest point during the day was 19388.
NIFTY's lowest point during the day was 19224.
The commentary notes that the monthly expiry of F&O (Futures and Options) contracts had a significant impact on the market. Throughout the day, selling was observed, indicating that bearish sentiment dominated. It's mentioned that the psychological level of 19300 was easily broken.
Projected NIFTY Levels for September 1, 2023:
Strong support: 19026.
Resistance levels: 19400, 19475, 19550.
The commentary provides projected support and resistance levels for the upcoming day. The strong support is noted at 19026, and resistance levels are outlined for potential upward movements.
Market conditions can be influenced by a variety of factors, and sentiment can change rapidly. It's important to stay informed about current events and market trends while considering both technical and fundamental aspects of the market. Always exercise caution and consider multiple sources of information when making investment decisions.