Nifty Futures-
Nifty index closed at 5077.85 with the gain of 189.80 or 3.88 %. The Nifty Sept future finally settles at with a gain 344.75 pts or 5.00% above at 4898.60 and increased 36950 shares in the open interest. The Nifty future turned to the premium of 65.50 from 10.55 where as cost of carry is 887% vs.15.26%. Nifty future has closed at 5143.35 and now next logical resistance is at 5190 and 5250 levels, and good support near 5000 and 4890 levels.
Bank Nifty Futures-
Bank Nifty index closed at 9591.25 with the gain 553 pts or 6.11%. The Bank Nifty Aug future finally settles at loss of 631.05 pts or 6.98% above at 9674.05 and increased 275900 shares in the open interest. The Bank Nifty future came to a premium of 82.8 from 4.75 earlier, whereas cost of carry is 224.07 vs 62.59. Bank Nifty future has closed at 9674.05 and now next logical resistance is at 10000 and 10320 levels, and good support near 9485 and 9140 levels.
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