20-09-2023 10:13 AM | Source: Geojit Financial Services
Morning Nifty and Derivative comments 20 September 2023 By Anand James, Geojit Financial Services
Views On Morning Nifty and Derivative comments 20 September 2023 by Anand James - Chief Market Strategist at Geojit Financial Services
Nifty outlook:
The 20180 region kept a lid on upside attempts on anticipated lines, confirming a bearish bias, leading to sharp slippages in the closing minutes. This should prompt a lower opening today, with the 20050-20000 region expected to entice bargain buying. However, short covering may not gain pace until above 20130- 169, giving bears another day to play out. - Read more
Derivative outlook:
Nifty weekly contract has highest open interest at 20200 for Calls and 20100 for Puts while monthly contracts have highest open interest at 20500 for Calls and 19000 for Puts. Highest new OI addition was seen at 20200 for Calls and 19500 for Puts in weekly and at 20200 for Calls and 20000 for Puts in monthly contracts. FIIs decreased their future index long position holdings by 2.97%, decreased future index shorts by 1.21% and in index options by 1.09% in Call longs, -4.94% in Call short,increased 1.29% in Put longs and decreased 17.60% in Put shorts. - Read more
USD-INR outlook :
Upside moves gained traction on Friday, raising hopes of 83.44, but momentum slowed down late in the day. This prompts a weak start, especially as long as below 83.26, but expect dips to 83.18-83.10 to attract bargain buying and re attempt 83.44. Downside marker may be placed at 83.07. - Read more
Above views are of the author and not of the website kindly read disclaimer
Latest News
FIIs stood as net sellers in equities as per Novembe...
Weekly Market Outlook: Domestic Market in Correction...
India`s Marico says urban consumption revival to tak...
India`s Muthoot Finance posts higher Q2 profit on go...
India`s merchandise exports surge 17.25 pc in October
Exclusive-Blackstone eyes 20% stake in India Haldira...
Evening Roundup : A Daily Report on Bullion Energy &...
Thousands of fans gather outside theatres as actor S...
Will continue to invest in India market amid digitat...
Sell Silver Below 86700 SL Above 87500 TGT 85700/851...
Tag News
Weekly Market Outlook: Domestic Market in Correction Terrain: Nifty, Sensex Down 10% Says Vi...
More News
Quote on Market by Karthick Jonagadla, smallcase Manager and Founder, Quantace Research
Quote on Market Wrap by Shrikant Chouhan, Head Equity Research, Kotak Securities
Daily market commentary : Nifty after opening on a flat note, saw some momentum for major part of the day says Mr. Siddhartha K...
Mid Market Comment by Mr Shrey Jain Founder and CEO SAS Online - India`s Deep Discount Broker