Nifty Futures closed down by 47.8 points - Religare

Nifty futures opened lower at 5900 levels, filled the intraday gap to test high of 5924 and ended at the day's low. India VIX gained by 8.8% to close at 18.25 levels. Nifty futures closed down by 47.8 points at 5877.40 with a premium of 45.8 point to the spot closing of 5831.65.

All sectors ended negative with highest losses in infrastructure, banking and realty to correct by 3 % average except technology sector to end 1% positive. The advance decline was on the negative side with 31 advances and 113 declines in the derivatives segment. Banking, Cement and Pharma sectors gained the maximum open interest.

Nifty futures have ended at the 200 day average of 5870 levels and tomorrow event will be trigger a move either side. The immediate resistances are placed at 5930 and 5970 while on the downside supports are at 5830 and 5780.

Source : Equity Bulls

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