Nifty Fut witnessed a smart rally on13th March. Earlier Nifty Fut had formed an" Harami Candle Stick Pattern" and Consecutive "Gap Formation", meaning that the index is likely to remain strong & continue its upward momentum. Target for upside are 2751-2805-2840.Nifty (March) future discount has decreased from 16.75 points to 3.05 points and around 5.65 lakh shares were reduced in open interest.
Total open interest in the market was Rs59,627 crore and Rs3,006 crore were added in open interest. Nifty call option shed 21.45 lakh shares in open interest, whereas put option added 40.25 lakh shares in open interest.