Morning Nifty, Derivative and Rupee comments 11 February 2022 by Anand James ,Geojit Financial Services
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/02/74da826b55ed911de0284ae8ba16dcc7.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
Below are Views On Morning Nifty, Derivative and Rupee comments 11 February 2022 by Anand James - Chief Market Strategist at Geojit Financial Services
Nifty outlook
Yesterday’s advance stalled near 17670, a level that has been acknowledged as a mine field several times over in the last few months. It would not be surprising to see Nifty with draw and look for support from the 17410-340 region which we had lined up to defend any bear attack yesterday. It did yesterday, but appears more vulnerable today. However, we would be encouraged to put aside bearish fears, if attempts to push pastor close above the 17480-17500 region is seen.
USDINR OUTLOOK
The 75 objective that we have been nurturing all through this week, was exceeded by a big margin yesterday, raising potential for a much bigger move aiming 75.5- 75.7. We will keep the downside reversal level for the day at 75.05, though a trend reversal is not expected until a close below 74.68 is seen.
Derivative comments
Nifty weekly contract has highest open interest at 17750 for Calls and 17600 for Puts while monthly contracts have highest open interest at 17600 for Calls and 17600 for Puts. Highest new OI addition was seen at 17800 for Calls and 17600 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 20.92%, increased future index shorts by -14.76% and in index options by -31.94% in Call longs, -24.45% in Call short, -40.94% in Put longs and -30.04% in Put shorts.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Kedia Bullion Outlook.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/jainam share consultant.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Kedia Advisory.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Ministryfinance010324.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/ICICI Direct IMAGE.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/shein.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/arete securities.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Broker _12.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/5f8722dc5cfdcb05d0a567e0df6a967e.jpg)
EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
![Euro remained under pressure on Thursday amid weaker set of economic numbers from Euro zone - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c49d5573f54fd1fe07309fbce5369a52.jpg)
![USDINR is trading near all time low and we might see some RBI intervention but as long as 82.80 - Tradebulls Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/0732326f21b0692a41afc4432d1a7a56.jpg)
![GBPINR broke down below its 100 DMA yesterday and closed with a big bearish candle around 103.82 - Swastika Investmart](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/842b8e5254d53919452a82c7f06190bd.jpg)
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/05/534d93dfebe95d4bd0eb7781ae0c26bb.jpg)
Morning Nifty, Derivative and Rupee comments 03 May 2023 By Anand James, Geojit Financial Se...
![USDINR likely to cross 76-mark; Sensex Nifty to continue its bull run by Heena Naik, Angel One Ltd](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/10/8c0f79be7425786787f0447da35fdd0f.jpg)
![Morning Nifty, Derivative and Rupee comments 04 March 2022 by Anand James, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/03/e27703ae96be10c36b7087b9f2b1a31f.jpg)
![Quote on Rupee: Rupee after a positive opening near 81.80 witnessed selling pressure towards 81.97 Says Jateen Trivedi, LKP Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/04/ae1a3aae89bb4d8b83f637d2dc5b874f.jpg)