Moneycontrol
Jan 12, 2017 09:20 AM IST IST | Source: Moneycontrol.com

Nifty Future to open at 8423, up 30 points: Dynamic Levels

Nifty Future is opening at 8423 as per SGX Nifty at 8:50 am IST, 30 points above its previous close of 8386, says Dynamic Levels.

Dynamic Levels' Market Outlook:

Bulls propell Nifty above 8400, its highest levels in two months

Indian Market Outlook:

Yesterday, Nifty Spot opened gap up by 30 points at 8322 and thereafter continued its bull rally and made a high of 8389. The Index closed at 8380 which is marginally below its intraday high of 8389.

The Smallcap index maintained its strength and made a high of 6256 and closed at 6248. The next target for Small Cap Index is 6292. Bank Nifty gave a huge rally of 375 points making a high of 18889. The index has given a break out of its previous month high of 18740, next target for the index is 19075.

IT Major TCS to announce its results today, which is expected to remain flat.

Nifty Future is opening at 8423 as per SGX Nifty at 8:50 am IST, 30 points above its previous close of 8386.

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