Nifty Future to shed 9 points, open at 9157: Dynamic Levels

Nifty Future is opening at 9157 as per SGX Nifty at 8:50 am IST, 9 points below its previous close of 9166.25, says Dynamic Levels.

Dynamic Levels’ Market Outlook:

 

Market to trade in range in absence of major trigger, support at 9120

 

Indian Market Outlook:

Nifty closed in negative territory for the third consecutive day and closed at 9139 after making a low of 9120. The Index yesterday opened at 9145 and made a high of 9160.

Immediate support for the Index is at 9109, below which next level is at 9080. Realty stocks rallied the most, India Bulls Real estate was up by 40.01% yesterday.

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HDIL was up by 8.69 % and DLF was up by 8.11 %. Bank Nifty traded in a narrow range of 167 points from high of 21743 and low of 21577. Bank Nifty closed at 21647. DCB bank was down by 3.56 percent after reporting its Q4 results. Smallcap Index has been continuously showing buying strength.

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