2024-08-27 12:26:40 pm | Source: Geojit Financial Services Ltd.
Morning Nifty and Derivative comments 27 August 2024 By Anand James, Geojit Financial Services
Views On Morning Nifty and Derivative comments 27 August 2024 by Anand James - Chief Market Strategist at Geojit Financial Services
Nifty outlook:
Lack of upside momentum prompts Nifty to stare at the possibilities of a drop to 24700. However, as long as 24919-870 holds, we could still retain hopes of a push towards our first objective of 25075 or 25150. - Read moreDerivative outlook:
Nifty weekly contract has highest open interest at 26000 for Calls and 24000 for Puts while monthly contracts have highest open interest at 26000 for Calls and 24000 for Puts. Highest new OI addition was seen at 26100 for Calls and 25000 for Puts in weekly and at 26100 for Calls and 25000 for Puts in monthly contracts. FIIs increased their future index long position holdings by 5.97%, decreased future index shorts by 5.40% and in index options by 16.03% increase in Call longs, 10.29% increase in Call short, 14.79% increase in Put longs and 5.51% increase in Put shorts. - Read moreAbove views are of the author and not of the website kindly read disclaimer
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