22-09-2023 11:57 AM | Source: Geojit Financial Services
Morning Nifty and Derivative comments 22 September 2023 By Anand James, Geojit Financial Services
![](https://portfolio.investmentguruindia.com/uploads/news/5e1c9f9f219bde84118c1ddf168a557b.jpg)
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 22 September 2023 by Anand James - Chief Market Strategist at Geojit Financial Services
Nifty outlook:
The downswing that we have been playing since approaching 20200 last Friday appears to have reached a point which could either see a reversal or a substantial rise in downside momentum. We are inclined to play the former, aiming 19950 initially, but inability to push beyond 19760 or an outright fall below 19600-550 region, could force us pursue the latter, aiming 18600. The odds of such a collapse is low, but it is a possibility, nevertheless - Read more
Derivative outlook:
Nifty weekly contract has highest open interest at 20000 for Calls and 19000 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 19700 for Puts in weekly and at 19800 for Calls and 19700 for Puts in monthly contracts. FIIs increased their future index long position holdings by 3.20%, increased future index shorts by 23.35% and in index options by 3.54% in Call longs, 19.28% in Call short, 0.68% in Put longs and 9.61% in Put shorts. - Read more
USD-INR outlook :
As feared, the upsides appear to have stalled, forcing us to persist with the 82.9 and 82.78 as the downside objectives as maintained yesterday. Inability to arrest downsides at these levels, could lead to sharp downsides aiming 82.5-82.2 or more. Upside marker may be placed at 82.93. - Read more
Latest News
![](https://portfolio.investmentguruindia.com/uploads/news/Manhar Garegrat_po.jpg)
Expectations from Union Budget 2024 - Web3/Blockchai...
![](https://portfolio.investmentguruindia.com/uploads/news/Dilip Chenoy, Chairman, Bharat Web3 Association.jpg)
Expectations from Union Budget 2024 - Web3/Blockchai...
![](https://portfolio.investmentguruindia.com/uploads/news/Titan Company_.jpg)
Buy Titan Company Ltd For Target Rs. 4,000 By Motila...
![](https://portfolio.investmentguruindia.com/uploads/news/Indian Statergy_03july.jpg)
India Strategy : A broad-based beat By Motilal Oswal...
![](https://portfolio.investmentguruindia.com/uploads/news/coal37.jpg)
India`s coal production surges by 14.5 pc to 84.6 mi...
![](https://portfolio.investmentguruindia.com/uploads/news/ashwini37.jpg)
Collective effort must to harness Artificial intelli...
![](https://portfolio.investmentguruindia.com/uploads/news/Shrikant Chouhan.jpg)
Quote on Sensex crossing 80000 mark by Shrikant Chou...
![](https://portfolio.investmentguruindia.com/uploads/news/pharma.jpg)
Marksans Pharma rises after its arm gets marketing a...
![](https://portfolio.investmentguruindia.com/uploads/news/AutoSec27Feb.jpg)
Automobiles & Components : Weak retail trends across...
![](https://portfolio.investmentguruindia.com/uploads/news/Gas_11Feb.jpg)
Confidence Petroleum India jumps on acquiring 99.99%...
Tag News
![](https://portfolio.investmentguruindia.com/uploads/news/Shrikant Chouhan.jpg)
Quote on Sensex crossing 80000 mark by Shrikant Chouhan, Head Equity Research, Kotak Securities
More News
![](https://portfolio.investmentguruindia.com/uploads/news/Broker _16.jpg)
Pre-market comment by Deven Mehata, Choice Broking Ltd
![Daily Market Analysis : The market began the week with a slight decline but managed to close flat, continuing its consolidation phase Says Mr. Ajit Mishra, Religare Broking Ltd](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
Daily Market Analysis : The market began the week with a slight decline but managed to close flat, continuing its consolidation...
![Pre-market comment Deven Mehta, by Choice Broking](https://portfolio.investmentguruindia.com/uploads/news/broker_84.jpg)
Pre-market comment Deven Mehta, by Choice Broking
![Daily Market Analysis : Markets made a recovery attempt after Thursday`s fall and managed to close half a percent higher Says Mr. Ajit Mishra, Religare Broking](https://portfolio.investmentguruindia.com/uploads/news/db4272cbdc755f8b97e02acc78bbb0ab.jpg)
Daily Market Analysis : Markets made a recovery attempt after Thursday`s fall and managed to close half a percent higher Says M...