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Index View For 12th Oct 20

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The market remained on a strong footing as bulls retained their control over Dalal Street for the seventh consecutive session on October 9.

Buying in banking & financials amid additional liquidity and regulatory measures announced by the Reserve Bank of India to boost economic recovery aided market sentiments.

The Nifty50 jumped 79.60 points to 11,914.20, the highest closing level since February 20. 

The index gained over 4 percent during the week.

Nifty Future Intraday level

Resistance 1 – 11950

Resistance 2 – 11970

Resistance 3 – 12000

Support 1 – 11916

Support 2 – 11886

Support 3 – 11854

Bank Nifty Future Intraday level

Resistance 1 – 23958

Resistance 2 – 24064

Resistance 3 – 24147

Support 1 – 23871

Support 2 – 23797

Support 3 – 23716

Note – Level will subject to Gap up and Gap down opening.

Thanks 

ProCapitas Market Pro Team

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