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Index Outlook For 2 Nov’20

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The market closed lower for a second consecutive session on October 30, the first day of the November series. Traders now keenly await direction from the US elections slated next week and clarity on the looming threat from the second wave of coronavirus cases across the US and Europe.

The Nifty 50 shed 28.40 points to 11,642.40

Nifty Future Intraday level

Resistance 1 – 11687

Resistance 2 – 11761

Resistance 3 – 11832

Support 1 – 11602

Support 2 – 11537

Support 3 – 11477

Bank Nifty Future Intraday level

Resistance 1 – 23996

Resistance 2 – 24074

Resistance 3 – 24181

Support 1 – 23876

Support 2 – 23776

Support 3 – 23683

Note – Level will subject to Gap up and Gap Down Opening.

Thanks 

ProCapitas Market Pro Team

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