19-12-2023 10:09 AM | Source: Geojit Financial Services Ltd
Morning Nifty and Derivative comments 19 December 2023 By Anand James, Geojit Financial Services
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Views On Morning Nifty and Derivative comments 19 December 2023 by Anand James - Chief Market Strategist at Geojit Financial Services
Nifty outlook:
A slow decline to 21360-320 is expected, but if this region holds, expect upswings again. Upside marker may be placed at 21440, a breach of which could put 21600/660 back in the horizon. - Read more
Derivative outlook:
Nifty weekly contract has highest open interest at 21500 for Calls and 21300 for Puts while monthly contracts have highest open interest at 22000 for Calls and 21000 for Puts. Highest new OI addition was seen at 21500 for Calls and 21400 for Puts in weekly and at 21500 for Calls and 21400 for Puts in monthly contracts. FIIs increased their future index long position holdings by 0.59%, decreased future index shorts by 0.28% and in index options by 23.48% increase in Call longs, 0.09% decrease in Call short, 28.41% increase in Put longs and 6.12% decrease in Put shorts. - Read more
USD-INR outlook:
Pull back attempts may be capped at 83.15 or 83.27 in a very optimistic scenario, but it would require a slippage past 83.09 to initiate declines again. - Read more
Above views are of the author and not of the website kindly read disclaimer
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