Nifty Outlook
16 JAN 2020
NIFTY FUTURES DAILY TECHNICAL OUTLOOK
FOR DATE: 21/1/2020
TECHNICAL CHART
Nifty Outlook
21 JAN 2020
TECHNICAL VIEW:-
16 JAN 2020
NIFTY FUTURES DAILY TECHNICAL OUTLOOK
FOR DATE: 21/1/2020
TECHNICAL CHART
Nifty Outlook
21 JAN 2020
TECHNICAL VIEW:-
After scaling fresh record highs during the early morning deals on Monday, equity markets slumped nearly
a per cent as investors booked profit and sold equities across the board. The benchmark S&P BSE Sensex
declined 760 points from record high level of 42,273.87 to hit an intra-day low of 41,503.37. Nifty50 slipped
below the crucial 12,250 mark in the intra-day trade. The 50-share index hit a record high of 12,430.50-
mark in the opening deals, before slipping to intra-day low of 12,220.70.
S&P BSE Sensex was down 416.46 points, or 0.99 per cent, to end at 41,528.91 level. Heavyweights like
Reliance Industries, HDFC Bank, TCS, Axis Bank and SBI were the top contributors towards today's fall.
Power Grid (up 3.7 per cent), Bharti Airtel, and Asian Paints were the top gainers on the Sensex, while RIL
(down 3.2 per cent), NTPC, and TCS were the top laggards.
Nifty futures have resistance 12300 after crossing this level it can reach up to the level 12430. In the downside
nifty futures has support near 12100 after breaking this support it can slip till level of 11950.
Nifty Outlook
21 JAN 2020
BANK NIFTY CHART:
DAILY PIVOTS LEVELS:
TECHNICAL VIEW:
In next trading session bank nifty futures have resistance 31500 after crossing this level it can reach up to the level of 32000.In the downside bank nifty futures has support near 31000 after breaking this support it can slip till level of 30570.
Global Indices:
US STOCKS - U.S. Futures NASDAQ 100 are down 0.04% while Dow futures down 0.02 % and S&P 500 Futures down 0.06%.
European stock markets trading in a flat to negative zone with DAX up 0.23 % and FTSE down 0.15 % respectively, and all the major bourses in the region trading in negative territory.
The U.S. dollar index, which measures the greenback against a basket of six major currencies, is up 0.07% to 97.43.
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BANK NIFTY CHART:
DAILY PIVOTS LEVELS:
TECHNICAL VIEW:
In next trading session bank nifty futures have resistance 31500 after crossing this level it can reach up to the level of 32000.In the downside bank nifty futures has support near 31000 after breaking this support it can slip till level of 30570.
Global Indices:
US STOCKS - U.S. Futures NASDAQ 100 are down 0.04% while Dow futures down 0.02 % and S&P 500 Futures down 0.06%.
European stock markets trading in a flat to negative zone with DAX up 0.23 % and FTSE down 0.15 % respectively, and all the major bourses in the region trading in negative territory.
The U.S. dollar index, which measures the greenback against a basket of six major currencies, is up 0.07% to 97.43.
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