Thursday, 24 November 2016

Nifty Futures to open at 7969

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Indian benchmark Index Nifty saw a range movement between 8080-8130. Today being the last day of November FO series volatility can be expected. The support for Nifty stays at 7925 and Bank Nifty is trading at a support level of 18500. FII have been net sellers on the cash markets but past two days there has been some buying in NSE Small Cap Index which has gone up by 150 points from low of 5410. Nifty Futures is expected to open at 7969 as per SGX Nifty at 8:30 am IST, which is 45 points below its previous close of 8014.

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