Morning Nifty, Derivative and Rupee comments 02 August 2022 by Anand James, Geojit Financial Services
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/08/c610cc82c78f7ad7487f05c4b74368c0.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Views On Morning Nifty, Derivative and Rupee comments 02 August 2022 by Anand James - Chief Market Strategist at Geojit Financial Services .
Nifty outlook:
Having closed near 17320, our turnaround point for yesterday, today is likely to be an eventful day. Favoured view expects a dip towards the 17240-110region, but a burst above 17355, would signal continuation of the 17500 move.
Derivatives:
Nifty weekly contract has highest open interest at 17500 for Calls and 17200 for Puts while monthly contracts have highest open interest at 18000 for Calls and 17000 for Puts. Highest new OI addition was seen at 17500 for Calls and 16500 for Puts in weekly and at 18000 for Calls and 16500 for Puts in monthly contracts. FIIs increased their future index long position holdings by 33.10%, increased future index shorts by 2.69% and index options by 5.79% in Call longs, 11.10% in Call short, 3.01% in Put longs and 20.93% in Put shorts.
USD INR:
The steepness of the last few days’ falls call for a pull back, especially being near the congestion region of 79-78.8. Bounce backs are however likely to be restricted to 79.1-79.23.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Tradebulls Securities.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Broker _15.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/geojit market watch.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/mobile57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/health57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/oilandgas57.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/0f6ba42882740a5d9f3b941752841c4c.jpg)
Morning Nifty and Derivative comments 06 September 2023 By Anand James, Geojit Financial Ser...
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/01/a2855ac5d1565b3ac960aea88edd5fef.jpg)
Nifty started on a positive note after suffering steep losses By Keshav Lahoti, Angel Broking
![Possibly extending the stock market trading hours By A Balakrishnan, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/02/30aa108a15e61404904aafe8e2b5309a.jpg)
![Market Quote : India`s domestic industrial production and manufacturing PMI exceeded expectations Says Mr. Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com//uploads/news/Broker _14.jpg)
![Quote on Nifty : Nifty remained sideways during the week as the benchmark index Says Rupak De, LKP Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/01/91c4d448ae9d9ae3041a2dbbe819e80e.jpg)