NIFTY displays a cautious but recovering positive bias after closing 0.50% higher at 23,446.80 on September 23. The recovery driven by strong global metal prices and easing Middle East tensions. The daily MACD is printing a flat profile close to the ***** Hourly MACD is above zero indicating a neutral to bullish trend. Hourly RSI above 50 as well is indicating a neutral to bullish trend. Thus, the overall trend of Nifty looks to be in a range, and thus the markets might move either side. Buy on dips and sell on rise would be the best strategy to deploy for today’s market considering the overall trend of Nifty. We may expect a change in trend only if the price sustains below the support level or above the resistance level. I have provided Nifty Spot resistance and support levels which would help you learn in taking informed trading decisions using these levels and understand how support and resistance levels work in financial markets. Nifty Spot Resistance 1 - 23545 Resistance 2 - 23570 Support 1 - 23375 Support 2 - 23355 Happy Learning, Happy Trading and have a wonderful day Top Gainers : BAJFINANCE, HINDALCO, TATASTEEL. Top Losers : HCLTECH, TITAN, INFY.

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