Nifty Spot View: 20/09/2023
Trade light as USA bond mkt are at peak and historically Sep month is not good for stock mkt worldwide.
Mkt will be uncertain today due to US Fed chairman meet tonight and it is expected rate pause may occur with hawkish comments
So, today just capture profit and move out and donot carry any position home as effect of US Fed chairman speech will be seen tomorrow in our market.
Donot forget to check our nifty option tips on a daily basis.
CMP: 20133.30
Moving AVG (EMA) 20 Hour & 40 Hour: 20138 & 20073
Moving AVG (EMA) 20 Day & 40 Day: 19771 & 19596
Support & Downside Range: 20079—20040—19988--19945
Resistance & Upside Range: 20222—20267--20340
Short Term Trend Reversal Level: -- 20040
Trading View: In today's trading session key level to watch is 20222 Rest as long as nifty is trading below this rest zone its short term bias remains weak and profit booking mode, 20079 acts as immediate support break below nifty opens for minimum 20040 to 19988 and max 19945 as downside projection.
