Capital Stars Financial Research Private Limited
Nifty Outlook
07 OCTOBER 2020
NIFTY FUTURES DAILY TECHNICAL
OUTLOOK
TECHNICAL CHART:
DAILY PIVOTS LEVELS:
TECHNICAL VIEW:
Closing bell: Sensex gained 601 points, or 1.54 per cent to settle at 39,575 levels and the Nifty50 index ended above the 11,650 mark at 11,662, up 159 points, or 1.38 per cent.
HDFC (up over 8%) and IndusInd Bank (up over 3%) were the top Sensex gainers, followed by M&M (up
3%), and Asian Paints (up 3%). On the other hand, Tata Steel (down over 1 per cent) ended as the biggest
loser on the index.
Nifty futures have resistance 11794 after crossing this level it can reach up to the level 11960. In the downside
nifty futures has support near 11530 after breaking this support it can slip till level of 11350.
BANK NIFTY CHART
DAILY PIVOTS LEVELS:
TECHNICAL VIEW:
In next trading session bank nifty futures have resistance 23220 after crossing this level it can reach up to the level of 23700.In the downside bank nifty futures has support near 22350 after breaking this support it can slip till level of 21900.
Global Indices:
US STOCKS - U.S. Futures NASDAQ 100 are down 0.21 % while Dow futures up 0.40% and S&P 500 Futures up 1.80%.
European stock markets trading in a positive zone with DAX up 0.59% and FTSE up
0.18% 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
Derivatives Tips , Intraday Stock Tips , FreeTrading Tips, Sebi Registered advisory
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