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Index Outlook For 20th Oct’20

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The market continued its uptrend for the second consecutive session and closed a percent higher on October 19. 

Banking and financials, FMCG, and metals stocks led the benchmark indices higher.

The Nifty50 rose 110.50 points or 0.94 percent to 11,873

The overall market breadth has started to improve.

Nifty Future Intraday level

Resistance 1 – 11930

Resistance 2 – 11955

Resistance 3 – 11981

Support 1 – 11873

Support 2 – 11847

Support 3 – 11822

Bank Nifty Future Intraday level

Resistance 1 – 24372

Resistance 2 – 24494

Resistance 3 – 24651

Support 1 – 24230

Support 2 – 24080

Support 3 – 23907

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

Thanks 

ProCapitas Market Pro Team

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