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Nifty outlook: 

Nifty will open the week looking to clear the record peak of 18604, but, an open above 18480 today could invitelong liquidation pressure that might stretch till atleast 18200 before resuming uptrend. Alternatively,consolidation inside the 18480-350 region could help neutralise the threat of profit booking. If 18200 survives,we could see 18800 this week. 

Derivative:

Nifty weekly contract has highest open interest at 19000 for Calls and 18000 for Puts while monthly contracts have highest open interest at 19500 for Calls and 18000 for Puts. Highest new OI addition was seen at 18900 for Calls and 18300 for Puts in weekly and at 18300 for Calls and 18300 for Puts in monthly contracts. FIIs increased their future index long position holdings by 17.96%, increased future index shorts by -18.06% and in index options by 31.00% in Call longs, 21.23% in Call short, 38.84% in Put longs and 50.88% in Put shorts. 

USD-INR outlook:

While the default move aims for 80.2, reversal prospects will brighten on pull back above80.58 though upsides beyond 81.18 is not expected.  

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