Nifty Futures ends at a big premium of 65 points - Religare

Nifty futures opened flat trading within a narrow range of 40 points despite a swing trade of 30 points in the last 30 minutes of trade. India VIX declined by 4.49% to close at 14.88 levels. Nifty futures closed flat up by 6.0 points at 6344.50 with a premium of 65.6 points to the spot closing of 6278.90.

There was a mixed trade with automobiles, pharma and realty sectors to end negative while banking and infrastructure saw some recovery. Rollover has being in line with the averages at 76% across sectors. The advance decline was equal with 64 advances and 71 declines in the derivatives segment. Banking, Infrastructure and Power sectors gained the maximum open interest.

Nifty futures have ended at a big premium of 65 points with result season and being a larger month expiry. The immediate resistances on the higher side are at 6380 and 6410 levels while on the downside supports are at 6290 and 6250 levels.

Source : Equity Bulls

Keywords