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CAPITALSTARS PRESENT DAILY DERIVATIVE MARKET UPDATE : 04 NOVEMBER 2020

  Capital Stars Financial Research 

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NIFTY OUTLOOK 04 NOVEMBER 2020

NIFTY FUTURES DAILY TECHNICAL
OUTLOOK

TECHNICAL CHART :

DAILY PIVOTS LEVELS:

TECHNICAL VIEW:

Closing bell:
Sensex rallied 504 points, or 1.2 per cent, to 40,261 levels and the Nifty50 index reclaimed the 11,800-markto end at 11,813.50, up 144 points, or 1.24 per cent. India VIX dropped nearly 4 per cent to 24.2 levels.


Sectorally, barring Nifty Realty and Nifty Media, all other indices ended in the green. Nifty Bank jumped over 3 per cent or 790 points to 25,683 levels while Nifty Metal rose over 2 per cent to 2,391 levels.


Nifty futures have resistance 11920 after crossing this level it can reach up to the level 11990. In the downsidenifty futures has support near 11700 after breaking this support it can slip till level of 11510.


BANK NIFTY CHART


DAILY PIVOTS LEVELS:
.

TECHNICAL VIEW:

In next trading session bank nifty futures have resistance 25900 after crossing this level it can reach up to the level of 26600.In the downside bank nifty futures has support near 25025 after breaking this support it can slip till level of 24680.


Global Indices: 

US STOCKS - U.S. Futures NASDAQ 100 are up 0.61 % while Dow futures up 1.53% and S&P 500 Futures up 1.21 %.

European stock markets trading in a positive zone with DAX up 1.87 % and FTSE up 2.01% respectively and all the major bourses in the region trading in positive territory.


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