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Index Outlook For 4th June 20

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Extending their winning streak to the sixth consecutive session, benchmark indices Nifty on June 3 settled with decent gains despite some profit-booking at the end.

Nifty closed 82 points up at 10,061.55.

Markets are currently riding on the global buoyancy but the profit-taking in the last hour and scheduled weekly expiry indicate the possibility of a pause on Thursday, June 4. The benchmark may take a breather and see some consolidation before the further surge. Meanwhile, there will be no shortage of opportunity on the stock-specific front so plan your trades accordingly.

Nifty Future Intraday Level

Resistance 1 – 10111
Resistance 2 – 10145
Resistance 3 – 10180

Support 1 – 10070
Support 2 – 10039
Support 3 – 10015

Bank Nifty Future Intraday Level

Resistance 1 – 21010
Resistance 2 – 21122
Resistance 3 – 21230

Support 1 – 20754
Support 2 – 20652
Support 3 – 20558

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

Thanks!

ProCapitas Market-Pro Team

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