Key Points
The rollover in Nifty futures to August was about 80% against the three-month average of 79%, according to provisional data..
A rollover happens when a trader closes the position before expiry and opens a similar new position in the next month's contract..
The process happens only in futures contracts.ANIAnalysts said at 19,500, the index is at its 20-day exponential moving average - a key technical support...
Mumbai: Traders mostly carried forward bullish equity futures bets to the August series on Thursday - when NSE's July contracts expired, shrugging off the recent weakness in the market following the record-breaking run..
Analysts said hopes that the Nifty will not fall below the 19,400-19,500 levels may have encouraged traders to remain optimistic about a market rebound...
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