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Feb 14, 2018 03:20 PM IST | Source: Moneycontrol.com

Nifty likely to open higher, gain 2 points: Dynamic Levels

Nifty Future is opening gap up by 2 points against Monday’s close 10543 as indicated by SGX Nifty which is currently trading at 10545, says Dynamic Levels.

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Dynamic Levels' Market Outlook:

The Indian benchmark Index Nifty started the week on a strong note and witnessed buying as the global markets bounced back. The Index opened gap up at 10518 and closed at 10540 after making a high of 10556.

The Index advanced 85 points or 0.81 percent. Indian market is taking direction from the performance of the global markets. The immediate support for Nifty is 10398 and the hurdle for upside is 10638; breaching any of this level may decide the further trend of the market.

The cash market benchmark Index, small cap has outperformed Nifty and gained 152 points or 1.79 percent from its previous close. The Index open at 8568 and closed at 8634 after making a high of 8669.

Among the sectoral performance IndustriaL Manufacturing and Infrastructure Construction and Engineering sector gained by 2.63 percent and 2.52 percent respectively.

Nifty Future is opening gap up by 2 points against Monday’s close 10543 as indicated by SGX Nifty which is currently trading at 10545.

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.
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