Nifty likely to open lower, shed 15 points: Dynamic Levels

Dynamic Levels' Market Outlook:

The Indian benchmark Index Nifty continues its positive move and closed higher after a volatile trading session due to FnO expiry later this week. The Index opened lower, but recovered as the session progressed. Indices hit fresh intraday high of 10638 in mid-afternoon trade. Profit booking took place at higher levels and indices managed to settle with small gains.

The Index rose by 21 points or 0.2 percent to close at 110585 after making a low 10515. In the current expiry, FII and PRO in combined have bought 213092 contracts from April 4 in Index Options.

The Cash Market Benchmark Index Small Cap closed at 8337 after making a low of 8300. IT stocks outperformed throughout the session, with Sasken Technologies Limited, TVS Electronics, Trigyn Technologies, Zensar Technologies and Tata Elxsi were the stock which performed well in small cap.

Nifty Future is opening gap down by 15 points against yesterday’s close 10585 as indicated by SGX Nifty which is currently trading at 10570.

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