Nifty index closed at 5485.80 with the loss of 30.95 or 0.56 %. The Nifty June future finally settles at 39.35 pts or 0.71% lower at 5484.15 and decreased 3,97,350 shares in the open interest. The Nifty future premium turned to the discount of 1.65 from the premium of 6.75 whereas cost of carry is -0.55 vs. +1.65. Nifty future traded in a narrow range for the whole week between the range of 5400 on the lower side and 5600 on the higher side and is expected to remain in the same range until it breaks on either side.
Bank Nifty index closed at 10,714.25 with the loss of 67.75 or 0.63 %. The Bank Nifty June future finally settles at 66.65 pts or 0.62% lower at 10,694.95 and increased 61,025 shares in the open interest. The Bank Nifty future discount narrowed to 19.30 from 20.40 whereas cost of carry is -3.29 vs. -2.56. Bank Nifty future remained weak and may continue to move downwards if sustains below 10,650 levels in the near term, next major trigger for bank nifty can be RBI policy ahead.
Bank Nifty index closed at 10,714.25 with the loss of 67.75 or 0.63 %. The Bank Nifty June future finally settles at 66.65 pts or 0.62% lower at 10,694.95 and increased 61,025 shares in the open interest. The Bank Nifty future discount narrowed to 19.30 from 20.40 whereas cost of carry is -3.29 vs. -2.56. Bank Nifty future remained weak and may continue to move downwards if sustains below 10,650 levels in the near term, next major trigger for bank nifty can be RBI policy ahead.
0 comments:
Post a Comment