Indian Market Outlook: Nifty index remained strong on Monday and closed at 8879, 57 points higher from its previous day’s close of 8822. The index opened flat at 8819 and made a high of 8886. The immediate resistance of Nifty is at 8896 which is the high of last Friday February 17. Above that level, the next target of Nifty would be 8969.
Stock Future Calls Bank Nifty also remained strong yesterday. It opened at 20495, around 50 points down from its previous day’s close, made a low of 20472 and give strong closing of 20677. The next target of Bank Nifty would be 21042, which is its Friday’s high and also its life time high.
Small Cap index was up by more than 1 percent yesterday and closed at 6629. The index is showing strength and going upward to break its all time high of 6707, which it has made on Feb 9, 2017.
Nifty Future is opening at 8923 as per SGX Nifty at 8:30 am IST, 12 points above its previous close of 8912.