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Nifty unable to break the shackles, deploy calendar spread ahead of Aug expiry
Abstract：The Nifty saw a gap-down opening in line with global peers as markets retreated from the highs above the 11,400-mark but the index still managed to gain around 1 percent for the week.
The Nifty saw a gap-down opening in line with global peers as markets retreated from the highs above the 11,400-mark but the index still managed to gain around 1 percent for the week.
Highlights of the week: a) the Bank Nifty finding support near its crucial Bank Nifty/Nifty price ratio of near 1.91x levels, which is March swing low b) broader markets joining the party and outperforming the benchmarks c) India VIX slipping further towards the 20.5-mark, down around 4.5 percent for the week d) FIIs continue stock futures selling seen as they emerge buyers in cash markets.
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