Bank Nifty futures

Bank Nifty, which depreciated 3.1 per cent last week, seems to carry over the bearish sentiment this week, too. Today’s session opened with a gap-down at 47,390 versus Friday’s close of 47,421.

Nifty 50 (22,147) and Bank Nifty (47,574) lost 1.7 per cent and 2 per cent respectively last week. Consequently, the futures contract of these indices too fell. Below is an analysis of futures and options data and projection for this week.