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Index Outlook For 16th June 20

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As we warned you yesterday for not getting long so early and Today we saw a gap down opening and after that our benchmark index recovered from the lower levels and closed with 159 point down at 9813.

After Analysing Nifty on one day candle chart Nifty made a lower High from past few Trading sessions so again we should avoid longs these days.

After watching our parallel Index SGX Nifty and American indexes Dow Jones and NASDAQ we can expect a Gap up opening tommorow.

Nifty Future Intraday Level

Resistance 1 – 9863
Resistance 2 – 9903
Resistance 3 – 9943

Support 1 – 9774
Support 2 – 9733
Support 3 – 9699

Bank Nifty Future Intraday Level

Resistance 1 – 20045
Resistance 2 – 20158
Resistance 3 – 20312

Support 1 – 19759
Support 2 – 19616
Support 3 – 19511

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

Thanks!

ProCapitas Market-Pro Team

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