CAPITALSTARS PRESENT DAILY DERIVATIVE MARKET UPDATE : 27 JAN 2020

                            Nifty Outlook

                             27 JAN 2020

NIFTY FUTURES DAILY TECHNICAL OUTLOOK

FOR DATE: 27/1/2020

TECHNICAL CHART

PIVOT POINTS

TECHNICAL VIEW:

Bulls held their reigns for the second consecutive day on Friday, as markets decisively stayed in the positive territory after a mild blip in the early morning trade. Pre-budget rally and decent Q3FY20 results throughout the day were the biggest factors driving the markets today. Banking counters were leading the charge from the front with HDFC twins, ICICI Bank, Kotak Mahindra Bank, and Axis Bank being the top contributors of the gains today. The benchmark S&P BSE Sensex surged 421 points off day's low to hit an intra-day high of 41,697.03. At close, the Sensex settled at 41,613.19 level, up 226.79 points or 0.55 per cent. UltraTech Cement, L&T, Tech Mahindra, and Kotak Mahindra Bank were the top gainers on the 30-share index, while Power Grid, IndusInd Bank, TCS, and Reliance Industries 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 11850.

                           Nifty Outlook 

                            27 JAN 2020

BANK NIFTY CHART:

DAILY PIVOTS LEVELS:

TECHNICAL VIEW:

In next trading session bank nifty futures have resistance 31300 after crossing this level it can reach up to the level of 31500.In the downside bank nifty futures has support near 31000 after

breaking this support it can slip till level of 30600.

Global Indices:

US STOCKS - U.S. Futures NASDAQ 100 are up 0.36% while Dow futures up 0.32 % and

S&P 500 Futures up 0.27%.

European stock markets trading in a positive zone with DAX up 0.75 % and FTSE up 1.73 %

respectively, and all the major bourses in the region trading in positive territory.

The U.S. dollar index, which measures the greenback against a basket of six major currencies,

is up 0.18% to 97.65.

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