By Gaurav Arora
Nifty August futures is trading with a premium of around 20 points whereas September futures is currently at a premium of 140 points.
After making record highs, the index witnessed some profit taking though intensity was high. But now after a brief consolidation, the index has given a breakout and is set to test 25,000 levels again in the near term. There was a meaningful reduction in OI (open interest) suggesting participants are not interested in creating fresh…
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