Summary :
According to the market outlook report from September 15th, 2023, the Index saw a gain of 1.77% and formed an all-time high level. The Index is expected to remain in the positive zone as long as it sustains above 19900 level in the short term. However, it faces resistance at 20200 and 20500 levels. Banknifty also saw a gain of more than 2% and almost touched its previous peak. To remain in a bullish zone, the Index needs to stay above 45800 level. Public sector banks look promising, and the IT and pharma sectors are doing well too. The resistance levels are 20200/20500, and the support levels are 19900/19800.
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