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Index Outlook For 8th June 20

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Benchmark indices registered a 6 percent jump as bulls continued to dominate for the second consecutive week that ended on June 5.

The Centre has allowed for the gradual reopening of economic activities (including agriculture, industries, shops in green and orange zones) from May with a lot of precautions amid social distancing norms.

The market has already reacted positively ahead of the reopening of economic activities. However, we feel that actual economic data and numbers will decide the market's direction.

Nifty Future Intraday Level

Resistance 1 – 10198
Resistance 2 – 10228
Resistance 3 – 10254

Support 1 – 10162
Support 2 – 10144
Support 3 – 10122

Bank Nifty Future Intraday Level

Resistance 1 – 21301
Resistance 2 – 21409
Resistance 3 – 21506

Support 1 – 21083
Support 2 – 20972
Support 3 – 20890

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

Thanks!

ProCapitas Market-Pro Team

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