Expect Nifty to take support at 7896: Dynamic Levels

According to a report by Dynamic Levels, Nifty is expected to take support of its recent low of 7896. As 8148 is the one week high of Nifty future, it may act as a major resistance with the next target as 8264.

December 29, 2016 / 09:00 IST

Dynamic Levels' Market Outlook:Market to remain volatile ahead of F&O expiry today, crucial support at 7896Indian Market Outlook: The Indian benchmark index Nifty showed profit booking after touching 8100and closed at 8034 a day before expiry. Market are expected to remain volatile today because of F&O expiry. Nifty is expected to take support of its recent low of 7896. As 8148 is the one week high of Nifty future, it may act as a major resistance with the next target as 8264.Bank Nifty has major support at 17606 and resistance at 18027 above which next target is 18274.Nifty Future is opening at 8028 as per SGX Nifty at 8:40 am IST, 6 points below its previous close of 8034.

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first published: Dec 29, 2016 09:00 am

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