Nifty to open gap up by 52 points at 9789 against Friday’s close of 9737 as per SGX Nifty, says a report by Dynamic Levels.
Nifty expected to take support of 9711, bulls to take over above 9772
Indian Market Outlook:
Taking cues from geopolitical tension the Benchmark Index Nifty on August 11 fell more than 100 points from its previous day low of 9776. The index made a low of 9686, the index opened at 9712 and closed at 9711.
Last week, the Index fell 3.53 percent registering the highest weekly fall in last one year. Bank Nifty made low of 23868 and closed at 23896. The Index oped at at 23958 and made a high of 24191. The index fell for the forth consecutive day. Last Week the Index fell 3.39 percent, this was the
second time the index fell more than 3 percent in last one year.
The Cash Market Benchmark Index Small Cap recovered 268 points form its low of 6938 and closed at 7166. The index gave a highest negative weekly closing by falling 6.56 percent in last week.