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Index Outlook For 15th May 20

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Domestic equity benchmark indices closed in the red on May 14 amid weak global cues as investors sought clarity about the government's mega fiscal announcement of Rs 20 lakh crore.

The Nifty settled 241 points, or 2.57 percent, lower at 9,142.75.

The Indian equity market is likely to witness a weak to flat opening on May 15 as there was no trigger for the market in Finance Minister's announcements and the market has to wait a little longer to get clarity of government's Rs 20 lakh crore fiscal stimulus, said experts.

Bank Nifty Future Intraday Level

Resistance 1- 19170
Resistance 2 – 19400
Resistance 3 – 19625

Support 1 – 18945
Support 2 – 18712
Support 3 – 18470

Nifty Future Intraday Level

Resistance 1 – 9220
Resistance 2 – 9285
Resistance 3 – 9355

Support 1 – 9120
Support 2 – 9050
Support 3 – 8985

Note – Level May subject to Gap up and Gap Down Opening

Thanks!

ProCapitas Market-Pro Team

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