Capital Stars Financial Research Private Limited
Nifty Outlook
21 SEP 2020
NIFTY FUTURES DAILY TECHNICAL
OUTLOOK
TECHNICAL CHART:
DAILY PIVOTS LEVELS:
TECHNICAL VIEW:
Closing bell:
Sensex today fell 323 points, or 0.82 per cent to settle at 38,980. Of 30 constituents, 26 declined and the rest
four advanced. Bajaj Finserv (down over 2 per cent) ended as the biggest loser on the index while HCL Tech
(up over 2 per cent) was the top gainer.
Nifty settled at 11,516, down 88 points, or 0.76 per cent. India VIX gained over 2 per cent to 20 levels.
Nifty futures have resistance 11618 after crossing this level it can reach up to the level 11760. In the downside nifty futures has support near 11510 after breaking this support it can slip till level of 11370.
BANK NIFTY CHART:
DAILY PIVOTS LEVELS:
TECHNICAL VIEW:
In next trading session bank nifty futures have resistance 22750 after crossing this level it can reach up to the level of 23445.In the downside bank nifty futures has support near 21910 after breaking this support it can slip till level of 21500.
Global Indices:
US STOCKS - U.S. Futures NASDAQ 100 are down 1.25 % while Dow futures down 1.27 % and S&P 500 Futures down 0.46 %.
European stock markets trading in a negative zone with DAX down 0.98 % and FTSE down
0.41 % respectively and all the major bourses in the region trading in negative territory.
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