Failed to connect to MySQL: Too many connections Expect Nifty to open at 8159, gap down of 50 points: Dynamic Levels - Moneycontrol.com

Expect Nifty to open at 8159, dip of 50 points: Dynamic Levels

Nifty December Futures is expected to open at 8159 as per SGX Nifty at 8:30 am IST, which is 50 points below its previous close of 8209, says Dynamic Levels.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney master your money IThe Winning Leap SME Special
Moneycontrol

Home » News » Brokerage Recos - Fundamental

Dec 02, 2016, 09.08 AM | Source: Moneycontrol.com

Expect Nifty to open at 8159, dip of 50 points: Dynamic Levels

Nifty December Futures is expected to open at 8159 as per SGX Nifty at 8:30 am IST, which is 50 points below its previous close of 8209, says Dynamic Levels.

Like this story, share it with millions of investors on M3

Expect Nifty to open at 8159, dip of 50 points: Dynamic Levels

Nifty December Futures is expected to open at 8159 as per SGX Nifty at 8:30 am IST, which is 50 points below its previous close of 8209, says Dynamic Levels.

Post Your Comments

Share Cancel

(more)

, Dynamic Levels |

Dynamic Levels' Market Outlook:

Nifty to stay weak on FII continued selling and weak global cues

Indian Market Outlook:

Indian benchmark Index Nifty opened at 8252 yesterday, just below its previous day's high of 8270. After testing the same level in the first 15 minutes it experienced a selloff of 65 points from a high of 8271 to make a low of 8205. Nifty finally closed at 8209 yesterday. FII have continued their relentless selling even on the first day of December with a selling of Rs 402 crore.

As stated earlier by Dynamic Levels, Nifty took resistance near its weekly level of 8288 and might continue to witness this pressure. However, next week has a major event lined up, the RBI credit policy on December 7. This credit policy needs to be monitored even more minutely as demonetization has already left its unforgettable mark on the face of Indian Economy. Expectations are that of a rate cut which would be cheered by the markets and companies like DHFL, Yes Bank and others in the banking and financial services sector would be direct beneficiaries. The target on the downside for Nifty is 7921, the low made on November 21.

Nifty December Futures is expected to open at 8159 as per SGX Nifty at 8:30 am IST, which is 50 points below its previous close of 8209.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click here

Buy, Hold, Sell ? Hear it first on M3
Expect Nifty to open at 8159, dip of 50 points: Dynamic Levels

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login