Dynamic Levels' Market Outlook:
Nifty closed above 8400, Bank Nifty
to rally may continue
Indian Market Outlook: Yesterday, Nifty Spot opened gap up by 10 points at 8391 and thereafter continued its bull rally and made a high of 8417. The Index closed at 8407. The Smallcap index showed profit booking after making high of 6266 and closed at 6223, immediate support for the Index is at 6149.
Bank Nifty maintainmed its strength and made a new high of 18966 and closed at 18874. Bank Nifty has newer high in consitently in last 6 trading session, next target for Index is at 19076.
IT sector will be in focus today as IT Major TCS has announced its results yesterday were company registered a jump of 10.9 percent profit in Q3 result.
Nifty Future is opening at 8445 as per SGX Nifty at 8:50 am IST,almost 30 points above its previous close of 8422.Disclaimer:
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