Morning Nifty and Derivative comments 19 November 2024 By Anand James, Geojit Financial Services

19-11-2024 09:40 AM | Source: Geojit Financial Services Ltd

Morning Nifty and Derivative comments 19 November 2024 By Anand James, Geojit Financial Services

News By Tags | #Sensex #ExpertViews #MarketOutlook #Nifty #BankNifty #GeojitFinancialServicesLtd #AnandJames

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

Below the Quote on Technical Views from Anand James, Chief Market Strategist, Geojit Financial Services

Nifty outlook:

Attempts to push higher seen yesterday were weak, resigning Nifty to the seventh day of negative close, the longest stretch of consecutive red candles since the ongoing downtrend began on 27th Sep. Nevertheless, we will retain revival hopes, with RSI appearing bottomed out, but will limit upside target to 23733-88 for now, awaiting further signals for the 24111 move. Alternatively, inability to float above 23565 could delay recovery moves, but a collapse is less expected today. - Read more

Derivative outlook:

Nifty weekly contracts have the highest open interest at 24000 CE and 21800 PE while monthly contracts have the highest open interest at 24000 CE and 23000 PE. The highest Ol addition was seen at 24000 CE and 21800 PE in weekly contracts and at 23500 CE and 22500 PE in monthly contracts. Flls increased their future index long holdings by 5.20%, increased future index shorts by 0.44% and in index options, 16.77% increase in Call longs, 7.25% increase in Call short, 27.31% increase in Put longs and 23.41% increase in Put shorts. - Read more

Above views are of the author and not of the website kindly read disclaimer

IGI Logo

Morning Nifty and Derivative comments 19 November 2024 By Anand James, Geojit Financial Services

Top News

Tag News

More News