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Derivative:

Nifty weekly contract has highest open interest at 17500 for Calls and 17000 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 17400 for Puts in weekly and at 17500 for Calls and 17500 for Puts in monthly contracts. FIIs increased their future index long position holdings by 12.03%, increased future index shorts by -17.82% and in index options by 4.48% in Call longs, -6.54% in Call short, 0.74% in Put longs and -4.95% in Put shorts.  

USD-INR outlook:

With both the initial objectives of 82.2 and 82 having achieved yesterday, USDINR pulled back to the 82.4 vicinity, reverting to the neutral bias that had prevailed all through last week. Momentum favours upsides though, with prospects of spikes to 82.50 or 82.63, onceabove 82.43.  

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