Capital Stars Financial Research Private Limited
Nifty Outlook
08 OCTOBER 2020
NIFTY FUTURES DAILY TECHNICAL
OUTLOOK
TECHNICAL CHART:
DAILY PIVOTS LEVELS:
TECHNICAL VIEW:
Closing bell: Sensex ended 304 points, or 0.77 per cent higher at 39,879 levels and the Nifty50 index settled above the 11,700-mark at 11,739, up 76 points, or 0.66 per cent. India VIX rose over 2 per cent to 20 levels.
RIL gained over 2 per cent to Rs 2,257 after the company said Abu Dhabi Investment Authority (ADIA) will
invest Rs 5,512.50 crore into the company's subsidiary Reliance Retail Ventures (RRVL) for 1.2-per cent
stake.
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.
TECHNICAL VIEW:
US STOCKS - U.S. Futures NASDAQ 100 are up 0.85 % while Dow futures up 0.69% and
S&P 500 Futures down 1.4%. European stock markets trading in a negative zone with DAX down 0.39% and FTSE down
0.11% respectively and all the major bourses in the region trading in negative 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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