Capital Stars Financial Research
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NIFTY OUTLOOK 05 FEBRUARY 2021
NIFTY FUTURES DAILY TECHNICAL
OUTLOOK
TECHNICAL CHART :
DAILY PIVOTS LEVELS:
TECHNICAL VIEW:
Closing bell:
Sensex closed at fresh lifetime peak of 50,687.51 level. At close, the index was 358.54 points, or 0.71 per cent, up at 50,614 levels.
The broader Nifty50, on the other hand, continued its march towards the crucial 15,000-mark and ended at a new closing high of 14,896 levels, up 106 points or 0.7 per cent. The index hit a lifetime high of 14,914 in the intra-day trade today. Nifty futures have resistance 15000 after crossing this level it can reach up to the level 15325. In the downside nifty futures have support near 14730 after breaking this support it can slip till level of 14600.
BANK NIFTY CHART
DAILY PIVOTS LEVELS:
TECHNICAL VIEW:
In next trading session bank nifty futures have resistance 35870 after crossing this level it can reach up to the level of 36200.In the downside bank nifty futures has support near 34500 after breaking this support it can slip till level of 33832.
Global Indices:
US STOCKS - U.S. Futures NASDAQ 100 are up 0.41 % while Dow futures up 0.06 % and S&P 500 Futures up 0.10%.
European stock markets trading in a positive zone with FTSE up 0.05 and DAX up 0.32% respectively and all the major bourses in the region trading in positive territory.
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