DERIVATIVE ANALYSIS FOR FRIDAY

Overview

India Indices- On Thursday Nifty index opened gap up at 7886.50 with 43.80 points up from the previous day closing at 7842.70 and closed positive at 7960.55. Nifty opened gap up with the same day low of 7886.50 and the full day we saw continuous buying in Nifty and near the closing of the market Nifty traded with the day high of 7972.35 and closed positive at 7960.55 with +1.50%,
+117.85 points up. And the full day Nifty Index traded between 7972.35-7886.50.
At the end of the day Nifty futures Gained +1.12%, +88.70 points up to close at 7984.20 from the previous day closing at 7895.50 with daily premium of 23.65 points and percent change in open interest of 5.72%.

Bank Nifty –Bank Nifty index opened at 15434.35 with +90.35 points up from the previous day closing at 15344.00 and closed positive at 15741.20.Bank Index opened at 15434.35 with the same day low of 15434.35 and the full market day we saw continuous buying in Bank Index and near the closing of the market Bank Index traded with the day high of 15795.65 and closed positive at 15741.20 with +2.59%, +397.20 points up, and the full day Bank Nifty Index traded between 15795.65-15434.35. At the end of the market day Bank Nifty futures Gained +2.28%, +352.20 points up to close at 15803.40 from the previous day closing at 15451.20 with the daily premium of +62.20 points and percent change in open interest of +12.06%.

 

Nifty Futures- Nifty futures opened gap up at 7936.00 with 40.50 points up from the previous day closing at 7895.50. From the opening we saw continuous buying in nifty, Nifty opened with the day low of 7922.30 and near the closing of
the market Nifty traded with the high of 8008.55 and closed positive at 7984.20.
And the full day Nifty Futures traded between 8008.55- 7922.30. At the end of the day Nifty futures Gained +1.12%, +88.70 points up to close at 7984.20 from the previous day closing at 7895.50 with daily premium of 23.65 points and percent change in open interest of 5.72%.