Morning Nifty and Derivative comments 26 July 2023 By Anand James, Geojit Financial Services
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/07/48be457e7d239281ba9bdece1a669fee.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 and Derivative comments 26 July 2023 by Anand James - Chief Market Strategist at Geojit Financial Services
Nifty outlook:
As maintained in the last two days, reclaiming of 19770-840 region is critical for Nifty towards resuming the 20160 trajectory. Until then, Nifty could continue show tendencies to resume the ongoing slide with eyes on 19460. However, fall in VIX as well as a hammer candlestick pattern formed yesterday, raises the hopes that the downtrend that has been on since coming close to 20k last week, is about to reverse. Towards this end, we will look to play upsides while above 19675, with downside marker at 19620. - Read more
Derivative:
Nifty weekly contract has highest open interest at 19800 for Calls and 19500 for Puts while monthly contracts have highest open interest at 19800 for Calls and 19500 for Puts. Highest new OI addition was seen at 19700 for Calls and 19450 for Puts in weekly and at 19700 for Calls and 19450 for Puts in monthly contracts. FIIs increased their future index long position holdings by -2.91%, increased future index shorts by 7.94% and in index options by 11.68% in Call longs, 2.14% in Call short, 1.77% in Put longs and -13.77% in Put shorts. - Read more
USD-INR outlook:
After achieving the 81.75 objective, downsides eased, allowing a pull back. If early dips are held above 81.82, expect upswings today to aim for 82-82.15. We will wait for push below 81.5 to play strong downsides. - Read more
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/Hotel 5.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/ChemicalS030124.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Foodgrain 30.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Hindustan Petroleum Corporation Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/ICICI Direct IMAGE.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Kedia Advisory.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/DigitalData26.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/geojit Financial Services.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/2023/03/060e9c412adce228c33fe111644f9d1d.jpg)
Quote on Rupee: Rupee traded weak below 82.60 Says Jateen Trivedi, LKP Securities
![Market Wrap Up : The trading session for Bank Nifty began with a significant gap up opening above the previous session's high says Mr. Rajesh Bhosale, at Angel One Ltd](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/07/92d757ac3cfa8b554df640a6f5ca6b6a.jpg)
![Daily market commentary :Sharp selling was seen in the broader domestic market on account of the rise in crude oil prices says Mr. Siddhartha Khemka, Motilal Oswal Financial Services Ltd](https://portfolio.investmentguruindia.com/uploads/news/Broker _25.jpg)
![Quote On Nifty : Nifty moved higher at the end of a volatile trading session Says Rupak De, LKP Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/12/388b248a46fc571a8f9f618e56358f98.jpg)