12-12-2023 10:56 AM | Source: Geojit Financial Services Ltd
Morning Nifty and Derivative comments 12 December 2023 By Anand James, Geojit Financial Services
Views On Morning Nifty and Derivative comments 12 December 2023 by Anand James - Chief Market Strategist at Geojit Financial Services
Nifty outlook:
It would be important to float above 21000, to keep the upside trajectory intact, aiming 21130-21220 initially or even 21600, but anything beyond is less likely without a meaningful correction. Alternatively, slippage past 20980 could signal intraday weakness, but we would wait for a drop past 20800 to play large downsides. - Read more
Derivative outlook:
Nifty weekly contract has highest open interest at 21000 for Calls and 20900 for Puts while monthly contracts have highest open interest at 21000 for Calls and 19000 for Puts. Highest new OI addition was seen at 21500 for Calls and 20400 for Puts in weekly and at 21500 for Calls and 20400 for Puts in monthly contracts. FIIs increased their future index long position holdings by 0.76%, increased future index shorts by 3.84% and in index options by 12.57% in Call longs, 0.27% in Call short, 28.13% in Put longs and 3.53% in Put shorts. - Read more
USD-INR outlook:
Lacklustre moves persist, with no signs of breach of 83.4. Look for dips to 83.29 and lie in wait for a 83.65 move, but brace for steeper dip, should 83.19 give away. - Read more
Above views are of the author and not of the website kindly read disclaimer
Latest News
BMW earnings hit by model change, lower profits on e...
Daily Market Commentary : Nifty recovered from lower...
Evening Roundup : A Daily Report on Bullion Energy &...
Ex-Tesla executives-led DG Innovate enters India in ...
Hero MotoCorp posts 18 per cent rise in Q4 net profi...
McDonald's India franchisee Westlife`s profit nearly...
Market Wrap Up : Today, the benchmark indices witnes...
Can Vijay Shekhar Sharma fix Paytm's woes as he take...
Tax Expert`s Comment on High Court ruling on Provide...
FIIs stood as net sellers in equities as per May 08 ...
Top News
Multiple rates, applications make GST more complicated, Revenue Dept pushed to issue clarifi...
Tag News
Daily Market Commentary : Nifty recovered from lower levels to close flat at 22303 Says Mr. ...
Market Wrap Up : Today, the benchmark indices witnessed a volatile trading session Says Shrikant Chouhan, Head Equity Research, Kotak Securities
Daily Market Analysis : Nifty witnessed a gradual up move and finally settled at 20,070 level Says Mr. Ajit Mishra, Religare Broking
Post-Market Comment by Deven Mehta, Research Analyst, Choice Broking
More News
Daily Market Analysis : Markets took a breather after three days of advance and ended almost...
Market Quote : The Indian market continued its positive resurgence, tracking global gains Says Mr. Vinod Nair, Geojit Financial...
Daily Market Commentary : Nifty opened a gap up and crossed its key milestone of the 22,000 zone says Mr. Siddhartha Khemka, Mo...
Daily Market Analysis : Markets extended rebound amid volatility and gained over half a percent Says Mr. Ajit Mishra, Religare ...