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 ended 134 points, or 0.34 per cent lower at 38,846 with HDFC Bank (down over 2 per cent) being the biggest loser and Bharti Airtel (up around 4 per cent) the top gainer. HDFC Bank, HDFC, Infosys, and Hindustan Unilever (HUL) were among the major contributors to the index's loss.
Nifty settled at 11,505, up 11 points, or 0.10 per cent. India VIX fell nearly a per cent to 19.93 levels.
Nifty futures have resistance 11600 after crossing this level it can reach up to the level 11760. In the downside
nifty futures has support near 11395 after breaking this support it can slip till level of 11265.
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 22750.In the downside bank nifty futures has support near 21765 after breaking this support it can slip till level of 21435.
Global Indices:
US STOCKS - U.S. Futures NASDAQ 100 are down 1.27 % while Dow futures down 0.47 % and S&P 500 Futures down 0.84%.
European stock markets trading in a negative zone with DAX down 0.02 % and FTSE down
0.52 % respectively and all the major bourses in the region trading in negative territory.
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