Nifty future opened positive witnessed a volatile session and managed to close above 7200 levels. Auto and PSU Bank sector stocks traded with positive bias. Nifty future made a high of 7237 low of 7151 and closed at 7212 Overall breadth is positive as there were 32 advances vs.18 declines in Nifty. Nifty futures may trade with neutral bias in short term. Nifty future support lies at 6950, while resistance lies at 7305 Among major sector indices, Nifty Bank futures closed up by 0.32 % and Nifty IT futures closed up by 0.62 % Volatility index closed at 20.9150 down by 2.65%
