Nifty index closed at 5516.75 with the gain of 40.65 or 0.74 %. The Nifty June future finally settles at 57.15 pts Bank Nifty index closed at 10,782.00 with the gain of 59.35 or 0.55 %. The Bank Nifty June future finally or 1.05% higher at 5523.50 and added 38,10,950 shares in the open interest. The Nifty future premium settles at 123.05 pts or 1.16% higher at 10,761.60 and shredded 6,750 shares in the open interest. The Bank turned to the premium of 6.75 from the discount of 9.75 whereas cost of carry is +1.65 vs. -1.86. Nifty future Nifty future discount narrowed to 20.40 from 84.10 whereas cost of carry is -2.56 vs. -8.18.
Bank Nifty future shown some recovery due to short covering but it still trading in the bearish zone and if fails to cross the level shown some recovery due to short covering but it still trading in the bearish zone and if fails to cross the level of 5625 then selling pressure may continue in it.
The Nifty futures closed and settled finally at 5533.80 down by -24.65 points or -0.44 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5625 else below support level of 5480 it would be in a downward trend.
Bank Nifty Futures shut stop at 10785 down by -40.95 points or -0.38%. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10990 else below support level of 10720 it would be in a downward trend.
Bank Nifty Futures shut stop at 10785 down by -40.95 points or -0.38%. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10990 else below support level of 10720 it would be in a downward trend.
0 comments:
Post a Comment