NIFTY INTRADAY TRADING LEVELS FOR TOMORROW
DATE- 20.09.23
TIME-FRAME- 15 MINUTES
BUY ABOVE - 20150 target will be 20200, 20250 & 20300
SELL BELOW - 20115 target will be 20062, 20015 & 19955
It’s been a rather lacklustre Monday session fro Dalal Street after the indices scaled new highs the previous week. Trading was primarily rangebound as the indices took a breather awaiting policy decisions by key Global Central Banks. The Nifty closed well below last week’s highs at 20,133.30, down 0.29%. The Sensex too declined by more than 240 points and shut shop at 67,596.
Domestic markets relinquished their momentum as they anticipated a raft of policy rate decisions due this week. The investor’s confidence was also impacted by the expectations of a demand resurgence in China, combined with crude supply cuts. With the Fed rate hike fears back on the cards, as reflected in the elevated US bond yields, the markets await clarification from major central banks
