Capital Stars Financial Research
Nifty Outlook
15 OCTOBER 2020
NIFTY FUTURES DAILY TECHNICAL
OUTLOOK
TECHNICAL CHART:
DAILY PIVOTS LEVELS:
Closing bell: Sensex gained 169 points, or 0.42 per cent to end at 40,795 levels while the NSE's Nifty50 index ended at 11,971, up 37 points, or 0.31 per cent. India VIX slipped nearly 2.5 per cent to 20.21 levels.
ICICI Bank, HDFC and HDFC Bank contributed the most to the Sensex's gains.
Nifty futures have resistance 12025 after crossing this level it can reach up to the level 12260. In the downside nifty futures has support near 11800 after breaking this support it can slip till level of 11625.
BANK NIFTY CHART
TECHNICAL VIEW:
In next trading session bank nifty futures have resistance 24200 after crossing this level it can reach up to the level of 24660.In the downside bank nifty futures has support near 23450 after breaking this support it can slip till level of 22930.
TECHNICAL VIEW:
US STOCKS - U.S. Futures NASDAQ 100 are up 0.24 % while Dow futures up 0.26% and S&P 500 Futures down 0.54%.
European stock markets trading in a negative zone with DAX down 0.03% and FTSE down 0.48% respectively and all the major bourses in the region trading in negative territory.
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