Nifty Tips
The CNX IT Index closed at 5113.85 with the loss of 302.40 points or -5.58%. The CNX IT Aug future finally settles at 316.90 pts or 5.84% lower at 5113.15 and decreased 300 shares in the open interest. The CNX IT future premium turned to a discount of 0.70 from premium of 13.80 earlier, whereas cost of carry is -0.83 vs.
7.15. CNX IT future has closed at 5113.15 and now next logical resistance is at 5445 and 5620 levels, and good support near 5000 and 4825 levels.
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