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Last Updated : Feb 19, 2018 09:19 AM IST | Source: Moneycontrol.com

Nifty likely to open gap up by 59 points: Dynamic Levels

Nifty Future is opening gap up by 59 points against Friday's close 10442 as indicated by SGX Nifty which is currently trading at 10501, says Dynamic Levels.


Dynamic Levels' Market Outlook:

The Indian Benchmark Index Nifty could not sustain above 10600 levels and has given a sharp fall of 179 points last day. The Index made a high of 10613 and closed at 10452 after making a low of 10434.

FII & PRO in combined have sold 582933 contracts in Index options in last 10 days. In the current expiry they have a combined sell position of 457618 contracts. The next important support level of Nifty is 10276, which is its

week-1 low.

The Small Cap Index has fallen 397 points in last 3 trading sessions. The Index made a high of 8704 on February 14 and closed at 8357 last day after making a low of 8307. The next Weekly support of Small Cap is 7777.

Nifty Future is opening gap up by 59 points against Friday's close 10442 as indicated by SGX Nifty which is currently trading at 10501.

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.
First Published on Feb 19, 2018 09:14 am
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