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Index Outlook For 15th June 20

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Last Friday Nifty ended in green after a gap down opening of around 300 points. It could not sustain at its lower levels and closed with approximately 71 points gain.

We will recommend not to take an aggressive overnight position in the index due to high volatility and also can't predict whether Nifty will touch highs of last week or not so don't go for bullish trading so early. 

Last Friday Nifty made a low of around 9550 and if that breaks then we can think to short Nifty but in between this no trade zone is observed.

Nifty Future Intraday Level

Resistance 1 – 9987
Resistance 2 – 10029
Resistance 3 – 10067

Support 1 – 9886
Support 2 – 9849
Support 3 – 9820

Bank Nifty Future Intraday

Resistance 1 – 20705
Resistance 2 – 20832
Resistance 3 – 20939

Support 1 – 20455
Support 2 – 20332
Support 3 – 20220

Note – Levels are subject to Gap up and Gap Down Opening

Thanks!

ProCapitas Market-Pro Team

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