Capital Stars Financial Research Private Limited
Nifty Outlook
23 SEP 2020
NIFTY FUTURES DAILY TECHNICAL
OUTLOOK
TECHNICAL CHART:
DAILY PIVOTS LEVELS:
TECHNICAL VIEW:
Closing bell: Sensex slipped 300 points or 0.79 per cent to settle at 37,734 levels. The broader Nifty50 index fell below the 11,200-mark to 11,154, down 97 points, or 0.86 per cent. India VIX slipped nearly 5 per cent to 21 levels.
Maruti and Larsen & Toubro (both down around 3 per cent) were the top Sensex laggards. On the other
hand, IT stocks HCL Tech, Tech Mahindra, and TCS gained over 2 per cent each.
Nifty futures have resistance 11270 after crossing this level it can reach up to the level 11590. In the downside
nifty futures has support near 11000 after breaking this support it can slip till level of 10870.
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 0.13 % while Dow futures down 0.09% and S&P 500 Futures down 1.16%.
European stock markets trading in a positive zone with DAX up 0.79 % and FTSE up
0.49 % respectively and all the major bourses in the region trading in positive territory.
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The information and views in this report & all the service we provide are believed to be reliable, but we do not accept any responsibility for errors of fact or opinion. Investors have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility. The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. My research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Capitalstars shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of regulators. The price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for. Investment & Trading in Securities Markets are always subjected to market risk.
Capitalstars Financial Research Private Ltd., Reserves all Rights.
INVESTMENT AND TRADING IN SECURITIES MARKET IS ALWAYS SUBJECTED TO
MARKET RISK.
CLICK HERE FOR GETTING DETAILS & JOIN OUR BEST ADVISORY -
Visit our Link : https://bit.ly/2u2GUhK
Visit My Website: https://bit.ly/1h8KZUM
CAPITALSTARS CALL US : 9977499927
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