Weekly Nifty future analysis and report, Nifty tips

Nifty future opened negative on Monday, around 5877 level, and remained in this week. The Index has total open interest of 15449500 in future, Open Interst declined 5.90%, Cost of carry of Nifty future is 5.45%.

On Technical front index go below 5900 level, trend was negative this week. Nifty future touched 2 week low on Friday. Bank Nifty, Realty, Infra, Energy, FMCG, Pharma, and Metal sectors performed weak, IT sector remained positive.

Nifty Directional : BUY NIFTY AUGUST FUTURES 5705-5770 TARGET 6021.78 STOP LOSS 5527.98 TIME FRAME 1 WEEK.

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