Nifty index closed at 4888.05 with the loss of 55.20 or -1.12 %. The Nifty Sept future finally settles at with a loss 35.70 pts or -0.72% above at 4898.60 and increased 1028550 shares in the open interest. The Nifty future turned to the premium of 10.55 from 8.95 where as cost of carry is 15.26 vs.-24.16. Nifty future has closed at 4898.60 and now next logical resistance is at 5170 and 5250 levels, and good support near 4725 and 4600 levels.

Bank Nifty index closed at 9038.25 with the loss 430.05 pts or -4.54%. The Bank Nifty Aug future finally settles at loss of 379.60 pts or -4.03% below at 9043.00 and increased 132175 shares in the open interest. The Bank Nifty future came to a premium of 4.75 from discount of 45.70 earlier, whereas cost of carry is 62.59 vs.-9.03. Bank Nifty future has closed at 9043.00 and now next logical resistance is at 9350 and 9700 levels, and good support near 8600 and 8400 levels.