Capital Stars Financial Research Private Limited
Nifty Outlook
22 SEP 2020
NIFTY FUTURES DAILY TECHNICAL
OUTLOOK
TECHNICAL CHART:
DAILY PIVOTS LEVELS:
TECHNICAL VIEW:
Closing bell: Sensex tumbled 812 points, or 2.09 per cent to settle at 38,034 levels. Of 30 constituents, 27 declined and just 3 advanced. IndusInd Bank (down 8.7 per cent) ended as the biggest loser on the index.
Nifty50 ended at 11,251, down 254 points, or over 2 per cent. India VIX -- markets' volatility index --
jumped 13 per cent to 22.6 levels.
Nifty futures have resistance 11395 after crossing this level it can reach up to the level 11590. In the downside
nifty futures has support near 11200 after breaking this support it can slip till level of 10970.
BANK NIFTY CHART:
DAILY PIVOTS LEVELS:
TECHNICAL VIEW:
In next trading session bank nifty futures have resistance 21750 after crossing this level it can reach up to the level of 22200.In the downside bank nifty futures has support near 20900 after breaking this support it can slip till level of 20000.
Global Indices:
US STOCKS - U.S. Futures NASDAQ 100 are down 1.52 % while Dow futures down 2.43% and S&P 500 Futures down 2.01%.
European stock markets trading in a negative zone with DAX down 3.62 % and FTSE down
3.09 % respectively and all the major bourses in the region trading in negative territory.
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