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Index Outlook For 22nd May 20

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The Nifty ended in the green for the third consecutive session on May 21 supported by gains in heavyweights such as ITC, Tata Consultancy Services (TCS), Asian Paints, Maruti Suzuki, and Reliance Industries (RIL).

The market witnessed mild bouts of volatility due to weekly F&O expiry. Eventually, Nifty finished with a gain of 40 points, or 0.44 percent, at 9,106.25.

Nifty Future Intraday Level

Resistance 1 – 9084
Resistance 2 – 9107
Resistance 3 – 9132

Support 1 – 9042
Support 2 – 9020
Support 3 – 8995

Bank Nifty Future Intraday Level

Resistance 1 – 17710
Resistance 2 – 17800
Resistance 3 – 17878

Support 1 – 17580
Support 2 – 17501
Support 3 – 17419

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

Thanks!

ProCapitas Market-Pro Team

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