Monday, September 18, 2023

NIFTY OUTLOOK & OPTION TRADING TIPS FOR 20 SEP 2023

TO GET LIVE TRADING TIPS WHATSAPP YOUR NAME SEGMENT ON 9039542248 OR FILL THE FORM VISIT https://niftytipsniftylevels.blogspot.com/p/enter-mobile-number-for-2-days-trial.html

Nifty closed lower on September 18 in a volatile session. At the close, Nifty fell 0.35% or 69 points to 20122. Volumes on the NSE continued to decline. The smallcap index fell more than the Nifty even as the advance drop ratio fell sharply to 0.65:1. Global stocks mostly fell on Monday as growth concerns tested investors' nerves ahead of a week of central bank meetings in five of the 10 most widely traded currencies. Ahead of these policy decisions, which will show how major central banks see progress in the fight against inflation, traders have taken risk off the table. Nifty formed a candle in a small range but a bearish Tristar Doji seems to have formed in the last three days. If this is true, the Nifty may have formed a short-term high at 20250, which could lead to a slight decline towards 19975. A move below 19900 could lead to an acceleration of the Nifty's decline.

Resistance: 18700, 18800, 18900  

Support: 18600, 18500, 18400  

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