Morning Nifty and Derivative comments 03 Septembar 2024 By Anand James, Geojit Financial Services

03-09-2024 09:30 AM | Source: Geojit Financial Services Ltd

Morning Nifty and Derivative comments 03 Septembar 2024 By Anand James, Geojit Financial Services

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Views On Morning Nifty and Derivative comments 02 August 2024 By Anand James, Geojit Financial Services

Nifty outlook:

We will need an hour’s close above 25280 to get back on to the 25365-800 trajectory. Else expect similar pattern as yesterday, with systematic slippage taking Nifty closer to our downside marker of 25200. While we will nurture upside hopes as long as above 25200, a direct fall below 25070 could usher in downsides aiming for 24440 as the first downside objective, with 24800 offering to slow down proceedings. Momentum is missing though. - Read more

Derivative outlook:

Nifty weekly contract has highest open interest at 25000 for Calls and 25000 for Puts while monthly contracts have highest open interest at 25200 for Calls and 25150 for Puts. Highest new OI addition was seen at 24500 for Calls and 25000 for Puts in weekly and at 25200 for Calls and 25000 for Puts in monthly contracts. FIIs increased their future index long position holdings by 2.42%, increased future index shorts by 12.74% and in index options by 11.29% increase in Call longs, 2.49% increase in Call short, 22.79% increase in Put longs and 2.65% increase in Put shorts. - Read more

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Morning Nifty and Derivative comments 03 Septembar 2024 By Anand James, Geojit Financial Services

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