CAPITALSTARS PRESENT DAILY DERIVATIVE MARKET UPDATE : 12 FEB 2020

                            Nifty Outlook

                             12 FEB 2020

NIFTY FUTURES DAILY TECHNICAL OUTLOOK

FOR DATE: 12/02/2020

TECHNICAL CHART

PIVOT POINTS

TECHNICAL VIEW:

Benchmark equities reversed losses of the previous two sessions and marched ahead Tuesday as investors comforted from the decline in the rate of newly reported cases of Coronavirus in China. Broad-based buying across sectors lifted the benchmark S&P BSE Sensex to 41,216 level, up 237 points or 0.58 per cent. NTPC, Maruti Suzuki, Power Grid, and IndusInd Bank, up in the range of 1.6 and 3 per cent, settled the day as the top gainers on the 30-share index. On the flipside, Nestle India, Bharti Airtel, M&M, and TCS were the top

laggards.

On the NSE, the broader 50-share index managed to hold the 12,100-mark and closed at 12,108 level, up 76 points or 0.63 per cent. Nifty futures have resistance 12200 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 

                            12 FEB 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 31800.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 0.31% while Dow futures up 0.23 % and S&P 500 Futures up 0.19%.

European stock markets trading in a positive zone with DAX up 0.60 % and FTSE up 0.86% 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 down 0.01% to 98.7

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