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Index Outlook For 8th July 20

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Yesterday our benchmark index Nifty recovered from day's low and closed at 36 points higher at 10799.

After seeing SGX Nifty we can expect a flat or neutral opening in Nifty but overall Global sentiments is negative due to an uncontrollable rise in coronavirus cases.

Stay caution on Index Trading

Nifty Future Intraday Level

Resistance 1 – 10853
Resistance 2 – 10896
Resistance 3 – 10936

Support 1 – 10716
Support 2 – 10638
Support 3 – 10597

Bank Nifty Future Intraday Level

Resistance 1 – 22650
Resistance 2 – 22768
Resistance 3 – 22900

Support 1 – 22335
Support 2 – 22230
Support 3 – 22101

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

Thanks!

ProCapitas Market-Pro Team

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