Expect Nifty to fall 54 poinst at open: Dynamic Levels
Dynamic Levels’ Market Outlook:
The NSE Benchmark Index Nifty is taking resistance of 10400 levels. Yesterday, Nifty opened at 10377, made high of 10393 and closed at 10361 after making a low of 10346. FII and PRO in combined have a short position of 307713 contracts in Index Options in the current November Expiry.
Realty Sector is in focus from last 2 weeks. Last day, Realty stocks, Sobha has given a run of 10.94% from its day low, Arvind Smartspaces Limited by 6.22%, Nila Infra by 2.91%.
Nifty Future is opening gap down by 54 points against yesterday’s close of 10361 as indicated by SGX Nifty which is currently trading at 10307.
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