17-11-2023 09:52 AM | Source: Geojit Financial Services
Morning Nifty and Derivative comments 17 November 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
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Views On Morning Nifty and Derivative comments 17 November 2023 by Anand James - Chief Market Strategist at Geojit Financial Services
Nifty outlook:
Barring an extreme scenario, given the sharp plunge yesterday, which could see extended profit booking towards 19540 or 19450, we are well poised to extend the upside objective to 20100. This would require Nifty to get back above 19740 after initial indecisiveness though, but it would not be surprising to expect a sideways move. - Read more
Derivative outlook:
Nifty weekly contract has highest open interest at 19800 for Calls and 19700 for Puts while monthly contracts have highest open interest at 20000 for Calls and 19000 for Puts. Highest new OI addition was seen at 19800 for Calls and 19750 for Puts in weekly and at 20300 for Calls and 19750 for Puts in monthly contracts. FIIs increased their future index long position holdings by 8.67%, decreased future index shorts by 6.22% and decreased in index options by 0.66% in Call longs, 3.16% in Call short, 0.60% in Put longs and 5.05% in Put shorts - Read more
USD-INR outlook:
The anticipated pull back stretched beyond 83.19 surprisingly, forcing us to abandon the downside prospects. As upswings push on, they will now face challenges from 83.30, which has been a daunting challenge for all through this month and the previous. We will wait for a push beyond the same or a drop below 83.02 for directional plays. - Read more
Above views are of the author and not of the website kindly read disclaimer
Latest News
NHPC ropes in Norway`s Ocean Sun for floating solar ...
FirstCry refiles papers for IPO to raise Rs 1,816 crore
Homegrown VC firm IvyCap Ventures closes 'Fund III' ...
India`s gold demand rises 8 pc in Jan-March despite ...
Hyundai Motor Group plans hybrid car launch in India...
Sell Aditya Birla Sun Life AMC Ltd For Target Rs.s 5...
Add Symphony Ltd For Target Rs.s 1,028 - Yes Securities
Reduce Devyani International Ltd. For Target Rs.: 16...
Reduce eClerx Services Ltd. For Target Rs.: 2,750 - ...
Reduce Mahindra Finance Ltd. For Target Rs.: 280 - E...
Tag News
Mid-market comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker
Market Steadies, Continues Upward Trend Post Initial Volatility - HDFC Securities
Index started the session on a positive note led by strong cues and then continued to gain strength led by private lenders first and then well supported by strong rally in PSU banks - ICICI Direct
Bank Nifty opened with an upward gap and remained in positive terrain throughout the day - Axis Securities Ltd
More News
Morning Nifty and Derivative comments 28 November 2023 By Anand James, Geojit Financial Serv...
Morning market quote : Unlike economic and market trends, geopolitical developments cannot be predicted Says Dr. V K Vijayakuma...
Daily Market Commentary : Nifty gained for second consecutive day after witnessing sharp fall on Wednesday says Mr. Siddhartha ...
Quote on m-cap of all BSE-listed companies hitting $4 trn by Sunny Agrawal, SBI Securities