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Nifty Outlook for 1/04/2020

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After the sharp sell-off in the previous session, benchmark indices on March 31 staged a smart recovery and ended on a positive note.

Positive global cues, mainly in response to an improvement in China's manufacturing data, lifted investors' sentiments, which led to buying in the Indian markets despite the rise in the number of coronavirus cases.

Foreign institutional investors (FIIs) sold shares worth Rs 3,044.94 crore, while domestic institutional investors (DIIs) bought shares of worth Rs 3,576.23 crore in the Indian equity market.

As we have seen from the past two trading sessions our support and resistance level have worked in the market, today also NIFTY respected our resistance levels which were posted yesterday.

Nifty Future Intraday level for 1st Apr'20 

Resistance 1 – 8647

Resistance 2 – 8698

Resistance 3 – 8740

 

Support 1 – 8585

Support 2 – 8509

Support 3 – 8433

NOTE – Level will change subject to Gap up or Gap down opening.

Thanks!

ProCapitas Market-Pro Team 

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