14-12-2023 10:34 AM | Source: Geojit Financial Services
Morning Nifty and Derivative comments 14 December 2023 By Anand James, Geojit Financial Services
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Views On Morning Nifty and Derivative comments 14 December 2023 by Anand James - Chief Market Strategist at Geojit Financial Services
Nifty outlook:
Reclaiming of 20800-850 region not only negates the efforts of bears yesterday, but also allows resumption of upside trajectory aiming 21030-21220, or 21600 in an optimistic scenario. Alternatively inability to float above the 20890 region would weaken the bullish construct again, but a collapse is less favoured today. - Read more
Derivative outlook:
Nifty weekly contract has highest open interest at 21000 for Calls and 20500 for Puts while monthly contracts have highest open interest at 21000 for Calls and 19000 for Puts. Highest new OI addition was seen at 20900 for Calls and 20500 for Puts in weekly and at 21000 for Calls and 20500 for Puts in monthly contracts. FIIs decreased their future index long position holdings by 6.28%, increased future index shorts by 1.81% and in index options by 13.86% decrease in Call longs, 8.63% decrease in Call short, 28.73% decrease in Put longs and 22.32% decrease in Put shorts.- Read more
USD-INR outlook:
Look for slippage past 83.29 to play downsides aiming 83.19 and 83.02 initially. Alternatively, if slippages pause at 83.19, look for a resumption of upswings that were stalled yesterday and get back to the 83.35-83.4 region. - Read moreAbove views are of the author and not of the website kindly read disclaimer
Latest News
Commodity Research Evening Track by Kotak Securities
Quote on Nifty by Rupak De, Senior Technical Analyst...
FIIs stood as net buyers in equities as per November...
Quote on Rupee by Jateen Trivedi, VP Research Analys...
Market Quote : State Election Results Boost Market S...
Daily Market Analysis : Markets began the week on a ...
Daily Market Commentary : Nifty50 Gaps Up, Rises 315...
Inflation to ease, economic growth to accelerate in ...
Demand for entry-level talent surges 59 pc in India`...
Sensex closes up by 992 points, Adani Ports, L&T top...
Tag News
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Market Quote : State Election Results Boost Market Sentiment, Capex Target Outlook Says Vinod Nair, Head of Research, Geojit Financial Services
Daily Market Analysis : Markets began the week on a strong note, extending Friday`s momentum to gain nearly 1.5% Says Mr. Ajit Mishra, Religare Broking Ltd
Daily Market Commentary : Nifty50 Gaps Up, Rises 315 Points (+1.3%) to Close at 24221 Says Mr. Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd
