Capital Stars Financial Research
Privat Limited
NIFTY OUTLOOK 01 FEBRUARY 2021
NIFTY FUTURES DAILY TECHNICAL
OUTLOOK
TECHNICAL CHART :
DAILY PIVOTS LEVELS:
TECHNICAL VIEW:
Closing bell:
Sensex moved 1,260 points in the intra-day trade and hit an intra-day high and low of 47,424 and 46,160. The index eventually settled 588 points, or 1.26 per cent, lower at 46,286 levels. Dr Reddy's Labs (down 5.5 per cent) was the top loser on the index after the pharmaceutical major's consolidated net profit came in at Rs 19.8 crore for the quarter ended December, sharply lower than analysts' estimate of Rs 726.5 crore. Maruti Suzuki, Bajaj Auto, Infosys, Bharti Airtel, and Bajaj Finserv, down between 5 per cent and 2.5 per cent, were the top drags. On the flipside, IndusInd Bank (up nearly 6 per cent), Sun Pharma, HDFC Bank, and ICICI Bank were the only gainers on the Sensex.
Nifty futures have resistance 13880 after crossing this level it can reach up to the level 14110. In the downside nifty futures have support near 13620 after breaking this support it can slip till level of 13500.
BANK NIFTY CHART
DAILY PIVOTS LEVELS:
TECHNICAL VIEW:
In next trading session bank nifty futures have resistance 31200 after crossing this level it can reach up to the level of 31570.In the downside bank nifty futures has support near 30200 after breaking this support it can slip till level of 29630.
Global Indices:
US STOCKS - U.S. Futures NASDAQ 100 are down 0.52 % while Dow futures down 0.71 % and S&P 500 Futures down 0.60%.
European stock markets trading in a negative zone with FTSE down 1.46 and DAX down 0.95% respectively and all the major bourses in the region trading in negative territory.
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