DERIVATIVE ANALYSIS FOR MONDAY MARKET

Overview 

India Indices - After expiry Nifty index Nifty Index opened  gap down at 7885.85 with -26.00 points down from the previous day closing at 7911.85 and closed positive at  7968.85. Full day we saw hyper movement in Nifty Index, Nifty opened down and near 12.30 o’clock Nifty Index traded  with the day low of 7841.80 but after noon we saw  continuous buying in Nifty and near the closing of the market  Nifty Index traded with the day high of 7993.30 and closed  positive at 7968.85 with +0.72%, +57.00 points up.  And the full day Nifty Index traded between 7993.30-7841.80.  At the end of the day Nifty futures Gained +0.75%,  +60.10 points up to close at 8031.90 from the previous day  closing at 7971.80 with daily premium of 63.05points and  percent change in open interest of +4.00%.

Bank Nifty –Bank Nifty index opened at 15262.90 with  36.15 points down from the previous day closing at 15299.05  and closed positive at 15607.25.  On Friday market we saw hyper movement in Bank Index.  Near 12.30 O’clock Bank Index traded with the day low of  15168.40 and from there we saw continuous buying in Nifty  and near the closing of the market Bank Index traded with  the day high of 15607.25 and closed positive at 15607.25 with +2.01%, +308.20 points up, and the full day Bank Nifty Index  traded between 15666.40-15168.40.  At the end of the market day Bank Nifty futures Gained  +1.81%, +279.50 points up to close at 15724.75 from the previous day closing at 15445.25 with the daily premium of  +117.50 points and percent change in open interest of  -2.89%.

Nifty Futures - Nifty futures opened down at 7956.00  -15.80 points down from the previous day closing at 7971.80.  From the opening we saw continuous selling in Nifty, and  near 12 O’clock Nifty traded with the day low of 7897.40 but  after that Nifty recovered and near the closing of the market  Nifty futures traded with the day high of 8057.60 and closed  above 1 st Resistance of 8028 at 8031.90 with +60.10 points  up from the previous day closing at 7971.80.  And the full day Nifty Futures traded between 8057.60- 7897.40.