Wednesday, November 4, 2020

Nifty and BankNifty, Stock Market Outlook 05 November 2020


 Nifty and BankNifty, Stock Market Outlook 05 November 2020 

Nifty: 11908 + 95
 BankNifty: 25771  +95

Stock Market Today 

Extending northward journey for third straight session, Indian equity benchmarks ended the Wednesday’s trade with a gain of around a percent, recapturing their crucial 40,600 (Sensex) and 11,900 (Nifty) levels ahead of the US Presidential election outcome. As per the report, Democratic candidate Joe Biden was leading marginally against Donald Trump.

 Markets started the session on an optimistic note as terming elevated food prices a temporary phenomenon, Economic Affairs Secretary Tarun Bajaj said it should be back to normal soon on the back of arrival of new crops and government measures for improving supply of essential commodities. Separately, he said Finance Minister Nirmala Sitharaman will soon announce the next set of stimulus package to boost the coronavirus-hit economy.

Nifty Outlook

Nifty is in strong upward momentum .The recent rally can continue and we should follow buy on dips strategy for tomorrow too.
Now for tomorrow 12025 is the upside resistance level .

BankNifty Outlook

Banknifty is in strong uptrend and buy on dips strategy should be followed. For tomorrow 25988 is upside level that BankNifty can test.

Thanks for your Precious Time.

Finvest Online
Telegram  :

Disclaimer- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader, user and company that are mention on this website. We are not SEBI registered financial advisor or analyst.

No comments:

Post a Comment