Nifty Short,Medium and Long Term Review 09-Oct-23 to13-Oct-23

Nifty Short, Medium and Long Term review-09-Oct-23 to 13-Oct-23
Nifty closed at 19655(19528)and touched low & high of 19336 and 19667.

RSI levels slightly improved but still in oversold position.

Nifty was holding the inclined trend support provided at 19300 last week.

Nifty in a highly volatile market awaiting Q2 results to take a defined path.


Nifty- Short Term (Neutral to Bearish)

Strong Support at 19300-19600 (Fib Resitance at 19320/19467)
Also there is a support at 19224 (Previous Low)

Resistance at 19840/19990 ( Fibonnoci resistance )

Nifty Medium Term & long Term -

As market in overbought zone there will be a correction.
Resistance at 20221 ( Prev High ) / 20500
Further to review the Q2 results. To review once Nifty reaches target.
Strong Resistance at 18800.