DERIVATIVE ANALYSIS FOR MONDAY MARKET

Overview

India Indices- On Friday market Nifty index opened down at 7733.75 with 14.45 points down from the previous day closing at 7748.20 and closed positive at 7779.70. From the opening we saw selling in Nifty and near 11 o’clock Nifty Index traded with the day low of 7723.85 but from there we saw continuous buying in Nifty and near the closing of the market Nifty Index traded with the day high of 7819.20 and closed positive at 7779.70 with +0.41%, +31.50 points up. And the full day Nifty Index traded between 7819.20-7723.85. At the end of the day Nifty futures Gained +0.47%, +36.90 points up to close at 7815.00 from the previous day closing at 7778.10 with daily premium of 35.30 points and percent change in open interest of +14.87%.

Bank Nifty –Bank Nifty index opened at 15617.35 with +75.75 points gap up from the previous day closing at 15541.60 and closed positive at 15929.80. Bank Index opened with the day low of 15603.45 and the full day we saw continuous buying in Nifty and near the closing of the market Bank Index traded with the day high of 15973.50 and closed positive at 15929.80 with +2.50%, +388.20 points up, and the full day Bank Nifty Index traded between 15973.50-15603.45.
At the end of the market day Bank Nifty futures Gained +2.89%, +450.75 points up to close at 16024.75 from the previous day closing at 15574.00 with the daily premium of +94.95 points and percent change in open interest of +15.08%

 

 

 

Nifty Futures- Nifty futures opened gap up at 7804.00 with +25.90 points up from the previous day closing at 7778.10. From the opening we saw continuous selling in nifty, and near 11 o’clock Nifty traded with the day low of 7752.20 and from there we saw continuous buying in Nifty and near the closing of the market Nifty traded with the day high of 7872.65, and closed positive at 7815.00. And the full day Nifty Futures traded between 7872.65- 7752.20. At the end of the day Nifty futures Gained +0.47%, +36.90 points up to close at 7815.00 from the previous day closing at 7778.10 with daily premium of 35.30 points and percent change in open interest of +14.87%.