Morning Nifty, Derivative and Rupee comments 26 April 2023 By Anand James, Geojit Financial Services
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/04/ed833cb32338d573c25a1416d93e4904.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 26 April 2023 by Anand James - Chief Market Strategist at Geojit Financial Services
Nifty outlook:
Test of 17807, which is not far from our initial objective of 17830, has prompted buyers to slow down. But there are enough reasons not to expect an outright collapse, and instead look for yet another accumulation in the 17708 vicinity, but we may have to wait for consistent trades above 17765, before the 17976 objective is brought back into play. Alternatively, slippage past 17680 could bring 17500 back in the radar again.
Derivative:
Nifty weekly contract has highest open interest at 18000 for Calls and 17700 for Puts while monthly contracts have highest open interest at 18000 for Calls and 17700 for Puts. Highest new OI addition was seen at 17800 for Calls and 17800 for Puts in weekly and at 17800 for Calls and 17800 for Puts in monthly contracts. FIIs increased their future index long position holdings by -1.31%, increased future index shorts by -7.76% and in index options by - 8.60% in Call longs, -3.72% in Call short, -6.99% in Put longs and -8.28% in Put shorts.
USD-INR outlook:
Momentum continues to be missing, prompting us to wait for a break beyond 81.85-82.07. Those looking to make a play before range breakout may expect upswings initially as long as above 81.97.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Mongolia.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/nitingadkari37.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/jul03v68_wcHr0zT.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/IT Sector03.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Bharti Airtel Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar21.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Stock bull.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dixon technologies Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/BHARTI HEXACOM.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gv_India.jpg)
Top News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/04/6582ac169da728c4dff31a572bc4eb5c.jpg)
Zydus Lifesciences rises on getting USFDA`s final approval for Isoproterenol Hydrochloride I...
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/2022/12/04a0c9ed157455e5cae05b090b497311.jpg)
Morning Market Quote : Even though the Fed downshifted the rate hike to 50 bp as expected Sa...
![Market view on behalf : The overall market depth has been extremely narrow Says Nitin Raheja, Julius Baer India](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/07/d1917470b1c09a0f32917ad5e250c111.jpg)
![Daily Market Analysis : Markets remained range bound but finally ended around the day`s high Says Mr. Ajit Mishra, Religare Broking](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/07/d813dfc45b33aabf436116645c4906a8.jpg)
![Quote on Rupee: Rupee traded positive as dollar index weakness helped rupee an inch high above 82.20 Says Jateen Trivedi, LKP Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/03/b4f42876f7f4bd5e87f3943d91020df7.jpg)