Friday, September 22, 2023

NIFTY OUTLOOK & TRADING TIPS FOR 22 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

Domestic benchmark indices closed with losses for the third straight day on September 21 after the US Federal Reserve maintained status quo at its policy meeting but suggested interest rates would remain higher for longer. Sensex fell 570 points to 66230, while the broader Nifty fell 159 points to 19742. The biggest detractors for the indices were stocks from the banking, automotive and financial services sectors. Bearish sentiment in global stock markets led to selling in the domestic market for the third consecutive day as investors worried about the US Federal Reserve's statement announcing another interest rate hike later this year. Nifty has support in the 19725-19650 range. In terms of Open Interest (OI) data, the highest OI on the call side was observed at the strike price of 20000, followed by the strike price of 19900. On the put side, the highest OI was concentrated at the strike price of 19800 followed by 19700. Conversely, Bank Nifty found support in the 44500-44200 range while resistance was identified at the 45000-45200 levels.

Resistance: 18700, 18800, 18900  

Support: 18600, 18500, 18400     

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