03-11-2023 09:20 AM | Source: Geojit Financial Services
Morning Nifty and Derivative comments 03 November 2023 By Anand James, Geojit Financial Services
Views On Morning Nifty and Derivative comments 03 November 2023 by Anand James - Chief Market Strategist at Geojit Financial Services
Nifty outlook:
A narrowing bollinger band along side prices swinging higher from oversold region and maintaining above 19120 for most part of yesterday encourages us to persist with the 19420 trajectory. The 19250 region will be a point of indecision today, but as long as we do not get back below 19170 after initial rise, extended upside could be expected.- Read more
Derivative outlook:
Nifty weekly contract has highest open interest at 19150 for Calls and 19100 for Puts while monthly contracts have highest open interest at 20000 for Calls and 19000 for Puts. Highest new OI addition was seen at 19150 for Calls and 19100 for Puts in weekly and at 19800 for Calls and 19100 for Puts in monthly contracts. FIIs increased their future index long position holdings by 17.48%, increased future index shorts by 9.95% .Decreased in index options by 22.86% in Call longs, 19.83% decrease in Call short, 13.47% decrease in Put longs and 18.83% decrease in Put shorts. - Read more
USD-INR outlook:
The slight negative bias that was expected yesterday, being below 83.26, played out without any directional moves. Expect swings on either sides of the same today, even as we remain in wait for a range breakout beyond 83.4-83 to welcome speed. - Read more
Above views are of the author and not of the website kindly read disclaimer
Latest News
RBI tweaks rules to cut risk banks face in exposure ...
Raymond posts 18 per cent jump in Q4 net profit at R...
Daily Market Commentary : Nifty after marking a new ...
Priyanka says being part of `Womb` has been nothing ...
Buy Zinc Above 259 SL. BELOW 256 TGT 263/264 - Axis...
From Alaya F to Daler Mehndi & Sudhanshu Pandey, cel...
T20 World Cup: `Four spinners... Rinku Singh should ...
Shubhankar Sharma, Gaganjeet Bhullar seek golfing br...
BIPF`s 11 th Shambhavi Puraskar honours efforts for ...
Mahindra & Mahindra received record 674 patents in FY24
Top News
Inclusion of certain Indian sovereign bonds in JP Morgan bond index to diversify investor ba...
Tag News
Daily Market Commentary : Nifty after marking a new high at 22794 levels, witnessed profit b...
More News
Daily Market Analysis : Nifty oscillated in a range and finally settled at 22,147.90 levels ...
Daily Market Commentary : Cement sector was in limelight on the expectation of strong volume growth says Mr. Siddhartha Khemka,...
Daily Market Analysis : Markets witnessed a roller coaster ride on Tuesday and ended almost flat Says Mr. Ajit Mishra, Religare...
Pre-market comment by Deven Mehata, Choice Broking Ltd