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Index Outlook For 5th Oct 20

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The market climbed sharply after two days of consolidation and closed more than 1.5 percent higher amid unlock 5.0 guidelines and US stimulus hope on Thursday.

The Nifty50 jumped 169.50 points or 1.51 percent to 11,417 amid buying across sectors

Trump's coronavirus news had impacted US markets but on the ending session, the US market was sharply recovered from a lower level.

We will expect a mixed view for our Index

Nifty Future Intraday level

Resistance 1 – 11460

Resistance 2 – 11480

Resistance 3 – 11510

Support 1 – 11400

Support 2 – 11375

Support 3 – 11350

Bank Nifty Future Intraday level

Resistance 1 – 22367

Resistance 2 – 22470

Resistance 3 – 22630

Support 1 – 22250

Support 2 – 22150

Support 3 – 22045

Note – Levels will subject to Gap up and Gap Down Opening

Thanks 

ProCapitas Market Pro Team

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