# Futures at a premium — NSE scan

> The front-month future paying more than half a percent over cash, in an uptrend — leverage leaning long.

Canonical: https://patternsradar.com/screener/futures-premium

```sift
from fno where fut_basis_pct > 0.5
  and close > sma(50)
```

The basis is the futures market's opinion of the cash price. A persistent premium means leveraged traders are paying a carry cost to be long, which they only do willingly when they expect the move to continue. The trend filter matters: a fat premium in a falling stock is stale hope, while the same premium above a rising 50-day average is conviction with the trend at its back.

Category: [Derivatives](https://patternsradar.com/scans/derivatives.md). Default universe: top 500 NSE stocks by 20-day turnover.

The rendered page runs this scan against the latest session and can replay it across the last 250 sessions to measure its hit rate: https://patternsradar.com/screener/futures-premium.