Saturday, August 20, 2011

Nifty weekly Outlook: Market Updates (22-26 August 2011)

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.


Posted By Commodity MCX Tips