Nifty index closed 5290.85 with the gain of 83.40 or 1.60%. The Nifty Sept future finally settles at with a gain of 80.90 pts or 1.55% down at 5302.00 and increased 928600 shares in the open interest. The Nifty future turned to the premium of 11.15 from 13.65 where as cost of carry is 5.20% vs. 9.41%. Nifty future has closed at 5302.00 and now next logical resistance is at 5410 and 5500 levels, and good support near 5150 and 5100 levels.

Nifty Futures shut stop at 5304.80 down -51.40 points or -0.96%. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5370 else below support level of 5220 it would be in a downward trend.