Nifty April Futures premium decreased to 31.70 points - Karvy

Nifty April futures premium decreased to 31.70 points from 34.25 points. Futures added 18 lac shares in OI.

Nifty May futures premium decreased to 50.30 points from 52.10 points. Futures added 1 lac shares in OI.

Nifty historical volatility rose to 24.20% from 16.17%.

Nifty put options added 80 lac shares in open interest, while Nifty call options added 42 lac shares.

Nifty put options implied volatility IV decreased to 15.36% from 23.49%, while Nifty call options' IV decreased to 15.96% from 21.41.

Nifty VIX fell to 15.22% from 15.80%.

The US markets closed on a positive note in Thursday's trade while Asian markets are currently trading in the red. Hence, Nifty is expected to flat as indicated by SGX Nifty. Trade long in the Nifty if it crosses 5700 levels with a stop loss placed at 5670 for targets of 5730 and 5750 levels. Alternatively, trade short in the Nifty if it slips below 5650 targeting support levels.

Source : Equity Bulls

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