Morning Nifty and Derivative comments 12 Septembar 2024 By Anand James, Geojit Financial Services

12-09-2024 12:55 PM | Source: Geojit Financial Services Ltd.

Morning Nifty and Derivative comments 12 Septembar 2024 By Anand James, Geojit Financial Services

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Below the Quote on Technical Market views by Anand James, Chief Market Strategist, Geojit Financial Services

Nifty outlook:

Slippage to 24900 evolved as expected, even though it took almost half a day to diffuse upside momentum. But we maintain yesterday’s stance that this region could re invite bulls to regroup, and potentially aim for 25150 again. Direct fall below 24800 would let bears into the game again, but free falls may not unfold today. - Read more

Derivative outlook:

Nifty weekly contract has highest open interest at 25000 for Calls and 24500 for Puts while monthly contracts have highest open interest at 25000 for Calls and 25000 for Puts. Highest new OI addition was seen at 25000 for Calls and 22350 for Puts in weekly and at 25000 for Calls and 25000 for Puts in monthly contracts. FIIs decreased their future index long position holdings by 0.69%, increased future index shorts by 1.91% and in index options by 8.50% decrease in Call longs, 6.91% decrease in Call short, 5.21% decrease in Put longs and 5.59% decrease in Put shorts. - Read more

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Morning Nifty and Derivative comments 12 Septembar 2024 By Anand James, Geojit Financial Services

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