CAPITALSTARS PRESENT DAILY DERIVATIVE MARKET UPDATE : 30 JAN 2020

                            Nifty Outlook

                             30 JAN 2020

NIFTY FUTURES DAILY TECHNICAL OUTLOOK

FOR DATE: 30/1/2020

TECHNICAL CHART

PIVOT POINTS

TECHNICAL VIEW:

Indian equities shifted their focus back to December quarter earnings and placed stock-specific bets amid expectations of market-friendly proposals in the upcoming Union Budget for FY 2020-21. While the indices held their gains for most part of the day, volatility was seen in the last hour of the trading session, ahead of the expiry of the January series of Futures & Options (F&O) contracts due tomorrow. The frontline S&P BSE Sensex snapped two-day losing streak to settle 231.80 points, or 0.57 per cent, higher at 41,198.66 level. Only eight of the 30 shares listed on the exchange settled the day in the negative territory. Bajaj Finance, up over 5 per cent post its Q3 results, was the top gainer on the Sensex, while Tata Consultancy Services (TCS), down 1 per cent, was the top laggard.

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 12000 after breaking this support it can slip till level of 11850.

                           Nifty Outlook 

                            30 JAN 2020

BANK NIFTY CHART:

DAILY PIVOTS LEVELS:

TECHNICAL VIEW:

In next trading session bank nifty futures have resistance 31100 after crossing this level it can reach up to the level of 31500.In the downside bank nifty futures has support near 30600 after breaking this support it can slip till level of 30400.

Global Indices:

US STOCKS - U.S. Futures NASDAQ 100 are up 0.46% while Dow futures up 0.24 % and

S&P 500 Futures up 0.30%.

European stock markets trading in a flat to positive zone with DAX up 0.04 % and FTSE up

0.19 % respectively, and all the major bourses in the region trading in flat territory.

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

is up 0.09% to 97.92.

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