Capital Stars Financial Research Private Limited
Nifty Outlook
08TH SEP 2020
NIFTY FUTURES DAILY TECHNICAL OUTLOOK
TECHNICAL CHART:
DAILY PIVOTS LEVELS:
TECHNICAL VIEW:
Closing bell: Sensex today ended at 38,417, up 60 points, or 0.16 per cent, with Hindustan Unilever (HUL)
being the top gainer and Mahindra & Mahindra (M&M), down over 3 per cent, the biggest loser.
The Nifty50 index, meanwhile, ended at 11,355, up 21 points, or 0.19 per cent. India VIX declined nearly 2.5
per cent to 21.6 levels.
Nifty futures have resistance 11450 after crossing this level it can reach up to the level 11600. In the downside
nifty futures has support near 11300 after breaking this support it can slip till level of 11100.
BANK NIFTY CHART:
DAILY PIVOTS LEVELS:
TECHNICAL VIEW:
In next trading session bank nifty futures have resistance 23300 after crossing this level it can reach up to the level of 24000.In the downside bank nifty futures has support near 22500 after breaking this support it can slip till level of 21800.
Global Indices:
US STOCKS - U.S. Futures NASDAQ 100 are down 1.27 % while Dow futures up 0.59 %
and S&P 500 Futures down 0.81 %.
European stock markets trading in a positive zone with DAX up 1.91 % and FTSE up 2.36 % respectively and all the major bourses in the region trading in positive territory.
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