Morning Nifty and Derivative comments 09 Septembar 2024 By Anand James, Geojit Financial Services

2024-09-09 12:59:56 pm | Source: Geojit Financial Services

Morning Nifty and Derivative comments 09 Septembar 2024 By Anand James, Geojit Financial Services

News By Tags | #Sensex #ExpertViews #MarketOutlook #Nifty #BankNifty #GeojitFinancialServicesLtd #AnandJames

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

Nifty outlook:

While pencilling down 24800 as the region that could step in and slow down a dive initially aiming for 24400, we did not expect Friday to end without conquering the same. This raises the odds of a recovery swing, especially with oscillators in hourly periodicities deeply oversold. We will keep the downside marker at 24750, a break of which would re-open flood gates for 24400-24000. Meanwhile, the bounce back attempts are where bears are likely to step in with more vigour, and the odds of reclaiming 25070 look low. - Read more

Derivative outlook:

Nifty weekly contract has highest open interest at 26000 for Calls and 22350 for Puts while monthly contracts have highest open interest at 25200 for Calls and 25150 for Puts. Highest new OI addition was seen at 25000 for Calls and 22350 for Puts in weekly and at 25200 for Calls and 22350 for Puts in monthly contracts. FIIs decreased their future index long position holdings by 9.39%, increased future index shorts by 5.58% and in index options by 66.78% increase in Call longs, 34.40% increase in Call short, 109.31% increase in Put longs and 44.57% increase in Put shorts. - Read more

Above views are of the author and not of the website kindly read disclaimer

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here

IGI Logo

Morning Nifty and Derivative comments 09 Septembar 2024 By Anand James, Geojit Financial Services

Top News

Tag News

More News