Nifty futures opened flat trading near 5650 levels throughout the day before correcting sharply in the last one hour from 5664 to 5568 levels as it broke the support levels of 5610. Nifty futures closed down by 68.60 points at 5580.55 with a premium of 6.50 points to the spot closing of 5574.05.
India VIX gained 4.44% to 16.22 levels, moving sharply improving the premium of index put options and overall range of the nifty to 96 points. The overall market breadth was very negative with 139 declines and 16 advances.
Nifty futures have broken the support levels of 5620 correcting sharply to 5570 levels. The resistances are placed at 5650/5710 levels while on the downside supports are placed at 5520 and 5470 levels.
India VIX gained 4.44% to 16.22 levels, moving sharply improving the premium of index put options and overall range of the nifty to 96 points. The overall market breadth was very negative with 139 declines and 16 advances.
Nifty futures have broken the support levels of 5620 correcting sharply to 5570 levels. The resistances are placed at 5650/5710 levels while on the downside supports are placed at 5520 and 5470 levels.
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