Last week Nifty Index made fresh all time high of 10115 and closed above a psychological level of 10000. However this rally may not sustain if Nifty trades below 9944 (previous day low) and small cap trades below 7700 level. FII & PRO has created a short position in last 10 days for 213259 contracts.
The Small Cap Index closed at 7803 after making low of 7701; the Index opened at 7783 and made a high of 7894.
Nifty to open gap down by 7 points at 10032 against Friday’s close of 10039 as per SGX Nifty.