Nifty’s March Futures Trade at its 4th Highest Premium🚀

Nifty50’s futures Contract expiring on 28th March, 2024 is trading at its 4th 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 March expiry as well​:chart_with_upwards_trend::fire:

The premium for March’s expiry is a mammoth 154.70 points or 0.70%

The table reveals how premiums are reflected 1 month before the next monthly expiry :bar_chart:

A situation where the future prices are above the spot prices is known as Contango. This circumstance is generally indicates bullishness

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