Capital Stars Financial Research Private Limited
Nifty Outlook
10 TH SEP 2020
NIFTY FUTURES DAILY TECHNICAL OUTLOOK
TECHNICAL CHART:
DAILY PIVOTS LEVELS:
TECHNICAL VIEW:
Closing bell: Sensex slid 171 points, or 0.45 per cent to settle at 39,194 while the NSE's Nifty50 index ended at 11,278 levels, down 39 points, or 0.35 per cent. India VIX dropped nearly 3 per cent to 22.05 levels.
SBI (down over 4 per cent) ended as the biggest loser on the Sensex while Tata Steel (up 3 per cent) was the
top gainer. Of 30 constituents, 12 advanced and the rest 18 declined.
Nifty futures have resistance 11450 after crossing this level it can reach up to the level 11600. In the downside
nifty futures has support near 11300 after breaking this support it can slip till level of 11100
BANK NIFTY CHART:
DAILY PIVOTS LEVELS:
TECHNICAL VIEW:
In next trading session bank nifty futures have resistance 22500 after crossing this level it can reach up to the level of 23000.In the downside bank nifty futures has support near 22000 after breaking this support it can slip till level of 21700.
Global Indices:
US STOCKS - U.S. Futures NASDAQ 100 are up 2.63 % while Dow futures up 1.75 % and S&P 500 Futures up 2.14 %.
European stock markets trading in a negative zone with DAX up 2.08 % and FTSE down
1.40 % respectively and all the major bourses in the region trading in positive territory.
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