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10-09-2024 09:47 AM | Source: Geojit Financial Services
Morning Nifty and Derivative comments 10 Septembar 2024 By Anand James, Geojit Financial Services

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Views On Morning Nifty and Derivative comments 10 August 2024 By Anand James, Geojit Financial Services

 

Nifty outlook:
Our downside marker of 24750 remained intact yesterday, effecting a pull back that has both bulls and bears equally interested. Ideally this wave should allow bears to regroup once inside the 24950-25000 region, and re attempt 24400- 24000 again, but a direct push above 25070 could significantly weaken the bear case.  - Read more
 
Derivative outlook:

Nifty weekly contract has highest open interest at 26000 for Calls and 24000 for Puts while monthly contracts have highest open interest at 25200 for Calls and 25150 for Puts. Highest new OI addition was seen at 25400 for Calls and 24900 for Puts in weekly and at 25200 for Calls and 24900 for Puts in monthly contracts. FIIs decreased their future index long position holdings by 0.23%, increased future index shorts by 2.71% and in index options by 1.75% increase in Call longs, 2.01% increase in Call short, 15.06% decrease in Put longs and 8.60% decrease in Put shorts.  - Read more

 

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