UPDATED CHART
- Nifty futures is trading near important support and resistance lines.
- For more upsides the resistance line needs to be crossed and a close above that on hourly basis is a must.
- But for now it is trading below the support line.
- NIFTY SPOT DAILY CHART ANALYSIS
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ReplyDeletehttp://stock2gains.blogspot.com/2010/07/trade-updates_13.html
for the latest trade updates.
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Nifty Futures Trend
ReplyDeleteThe Nifty closed at 5383. Nifty future (July) closed at 5381.20 i.e. at a premium of 1.80 points vs. 1.60 points and
added 603300 shares in open interest.
The Nifty future (Aug.) closed at 5382.65 i.e. at a discount of 0.35 points vs. premium of 3.80 points and added
121050 shares in open interest.
The cost of carry is at +0.71% vs. +0.54%.
Interpretation: The Nifty future prices ended in positive terrain along with overall addition of open interest and
increase in the cost of carry in comparison to the previous day, this is an indication of some longs being built at
lower levels.
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@rochak parekh
ReplyDeleteThanks for your comment.