Moneycontrol
Oct 17, 2016 08:57 AM IST IST | Source: Moneycontrol.com

Expect Nifty futures to open at 8576: Dynamic Levels

Nifty Futures is expected to open at 8576 as per SGX Nifty at 8:30 am IST, which is 35 points below its previous close of 8611, says Dynamic Levels.


Dynamic Levels' Market Outlook:

Nifty weak amid global cues

Indian Market Outlook

Indian Benchmark Index Nifty traded in a very small range of 48 points on Friday, 14th October. Nifty has taken support of its two month's low of 8550. The global cues still remain weak which could lead Nifty to break its 8550 level after which next target for Nifty on the downside is 8295, 3 month low.

Small Cap Index too traded in a small range of 45 points but was comparatively stronger than Nifty. Small Cap has not even broken its previous week's low which is a positive sign as a continued buying in the small cap and mid cap shares might result in Nifty taking support and gaining strength again.

Nifty Futures is expected to open at 8576 as per SGX Nifty at 8:30 am IST, which is 35 points below its previous close of 8611.

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