Nifty50’s futures Contract expiring on 29th February, 2024 is trading at its 3rd highest premium in the last 1 year compared to the underlying Nifty price📈
Over the past 1 year, the future contracts of the index have been trading at a premium and the trend is being continued by the February expiry as well
The premium for February’s expiry is a mammoth 157.90 points or 0.74%
The table reveals how premiums are reflected 1 month before the next monthly expiry
A situation where future prices are above spot prices is normally known as Contango. This circumstance is generally a sign of bullishness
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