F&O rollover signals bank index may underperform broader Nifty

Analysts say long liquidation seen in Nifty while shorts have been rolled over in Bank Nifty, expect Nifty to trade in 15,500-16,200 range, Bank Nifty in 34,000-35,800 for July F&O Series. The Nifty ended Thursday at 15,790.45, up 0.66%, while the Bank Nifty closed up 0.73% at 34,827. The Nifty has outperformed having fallen 0.7% from its life high of 15,901.6 while the Bank Nifty has corrected almost 8% from its high of 37,708.75.

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