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Nifty outlook: 

Last two day’s uppish bias has acted out on anticipated lines. While directional moves are not yet within sight,extension of upsides into the 18,700-770 region is likely.Alternatively, slippage below 18,560 would render the trend sideways though, with an outright collapse less likely for now.  

Derivative:

Nifty weekly contract has highest open interest at 19,000 for Calls and 18,500 for Puts while monthly contracts have highest open interest at 19,000 for Calls and 18,000 for Puts. Highest new OI addition was seen at 19,050 for Calls and 18,550 for Puts in weekly and at 18,900 for Calls and 18,500 for Puts in monthly contracts. FIIs increased their future index long position holdings by 2.80%, increased future index shorts by -3.81% and in index options by -6.42% in Call longs, 2.32% in Call short, -14.58% in Put longs and 14.95% in Put shorts.  

USD-INR outlook:

Break of 82.76 ushered in upsides that lasted all day. However, this move has now headedinto a congestion region, while also in the vicinity of record peak. This should prompt a pullback that could again let bulls regroup, once in the 82.17-82.46 band.  

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