06-11-2023 10:07 AM | Source: Geojit Financial Services
Morning Nifty and Derivative comments 06 November 2023 By Anand James, Geojit Financial Services
![](https://portfolio.investmentguruindia.com//uploads/news/broker_86.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 06 November 2023 by Anand James - Chief Market Strategist at Geojit Financial Services
Nifty outlook:
The 19250 region held forte on Friday on anticipated lines, but there was no further drama to threaten the 19420 trajectory. This encourages us to extend upside hopes to 19840, but with prospects of yet another pause once inside the 19420-550 region. Those playing for 19840 may keep the downside marker at 19170 itself until we get past 19550. - Read more
Derivative outlook:
Nifty weekly contract has highest open interest at 19300 for Calls and 19200 for Puts while monthly contracts have highest open interest at 20000 for Calls and 19000 for Puts. Highest new Ol addition was seen at 19300 for Calls and 19200 for Puts in weekly and at 20100 for Calls and 19200 for Puts in monthly contracts. Fils increased their future index long position holdings by 9.31%, decreaased future index shorts by 4.26% and increase in index options by 25.09% in Call longs, 21.96% in Call short, 40.85% in Put longs and 54.39% in Put shorts. - Read more
USD-INR outlook:
The persistent inability to push much beyond 83.3 prompts us to look at the prospects of a deep dive down. Expect brief upside attempts after a lower opening, but if they fail to push much above 83.19, the downsides to gain momentum, once we slip below 83.02.- Read more
Above views are of the author and not of the website kindly read disclaimer
Latest News
![](https://portfolio.investmentguruindia.com/uploads/news/jul04v89_Wex0B3E.jpg)
Unbelievable scenes! Jam-packed Mumbai awaits team I...
![](https://portfolio.investmentguruindia.com/uploads/news/religare broking.jpg)
Market Explorer - July 2024 by Religare Broking Ltd
![](https://portfolio.investmentguruindia.com/uploads/news/HDFC Ltd.jpg)
HDFC Bank`s June-quarter gross advances down 0.8% se...
![](https://portfolio.investmentguruindia.com/uploads/news/Zomato07.jpg)
Zomato relaunches `Intercity Legends` service with m...
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
Buy Gold Above 72500 SL Below 72300 TGT 72800/73100 ...
![](https://portfolio.investmentguruindia.com/uploads/news/Piyush Goyal07.jpg)
Government slashes licence fee for women entrepreneu...
![](https://portfolio.investmentguruindia.com/uploads/news/jul04v38_zDiylqc.jpg)
Die-hard fans wave tricolours as team India reaches ...
![](https://portfolio.investmentguruindia.com/uploads/news/Prashant Thakur ANAROCK Group.jpg)
Residential Prices in Bengaluru See 57% 5-Year Jump,...
![](https://portfolio.investmentguruindia.com/uploads/news/jul03v152_BhgJWbe.jpg)
``It won`t let you down?``Tahira Kashyap Khurrana as...
![](https://portfolio.investmentguruindia.com/uploads/news/Shrikant Chouhan.jpg)
Market Wrap Up by Shrikant Chouhan, Head Equity Rese...
Tag News
![](https://portfolio.investmentguruindia.com/uploads/news/religare broking.jpg)
Market Explorer - July 2024 by Religare Broking Ltd
![Market Wrap Up by Shrikant Chouhan, Head Equity Research, Kotak Securities Ltd](https://portfolio.investmentguruindia.com/uploads/news/Shrikant Chouhan.jpg)
Market Wrap Up by Shrikant Chouhan, Head Equity Research, Kotak Securities Ltd
![Sensex closes above 80,000 for first time, Nifty at 24,302](https://portfolio.investmentguruindia.com/uploads/news/stock28.jpg)
Sensex closes above 80,000 for first time, Nifty at 24,302
![Daily Market Analysis : The markets traded within a narrow range and ended nearly unchanged, pausing after Wednesday`s gains Says Mr. Ajit Mishra, Religare Broking Ltd](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
Daily Market Analysis : The markets traded within a narrow range and ended nearly unchanged, pausing after Wednesday`s gains Says Mr. Ajit Mishra, Religare Broking Ltd
More News
![](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
Daily Market Analysis : The week kicked off with market volatility, but by the end, it manag...
![Post market comment by Mandar Bhojane, Research Analyst, Choice Broking](https://portfolio.investmentguruindia.com/uploads/news/broker_1.jpg)
Post market comment by Mandar Bhojane, Research Analyst, Choice Broking
![Market Quote : The gain in the broad market was led by consumer durables and realty Says Mr. Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com//uploads/news/Broker_2.jpg)
Market Quote : The gain in the broad market was led by consumer durables and realty Says Mr. Vinod Nair, Geojit Financial Services
![Daily Market Analysis : Markets remained range-bound for yet another day, closing marginally higher in line with the ongoing trend Says Mr. Ajit Mishra, Religare Broking Ltd](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
Daily Market Analysis : Markets remained range-bound for yet another day, closing marginally higher in line with the ongoing tr...