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Nifty Futures News For This Week (23rd-27th May '11)

Discussion in 'Trading Strategies & Systems' started by 2pinkyshah, May 24, 2011.

  1. 2pinkyshah

    2pinkyshah New Member

    Feb 3, 2011
    Likes Received:
    Nifty Futures
    Nifty index shut shop at 5486.35 with the losses of 58.40 or 1.05 %.
    The Nifty May future finally settles at 74.30 pts or 1.34% lower at 5484.60 and added 27, 81,200 shares in the open interest.
    The Nifty future premium turned down to the discount of 1.75 from the premium of 14.15 whereas cost of carry is -1.94 vs. +7.17. Nifty future shown some recovery due to short covering but it still trading in the bearish zone and if fails to cross the level of 5538 then selling pressure may continue in it.....................

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