Nifty’s February Futures Trade at its 3rd Highest Premium😱

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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