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28-08-2024 12:30 PM | Source: Geojit Financial Services Ltd.

Morning Nifty and Derivative comments 28 August 2024 By Anand James, Geojit Financial Services

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

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Views On Morning Nifty and Derivative comments 27 August 2024 by Anand James - Chief Market Strategist at Geojit Financial Services

Nifty outlook:

The minor pull back towards close is in respect towards achievement of initial objective of 25075, which also indirectly signals not to chase prices higher. Thus we prefer to be on a wait and watch mode for playing our further objectives of 25150-365. We will begin however with hopes of an upswing towards 25075 again as long as 24870 holds, while a direct fall below 24919-870 could expose 24700. Such a fall is less expected today though. - Read more

Derivative outlook:

Nifty weekly contract has highest open interest at 25000 for Calls and 25000 for Puts while monthly contracts have highest open interest at 25000 for Calls and 25000 for Puts. Highest new OI addition was seen at 25300 for Calls and 24400 for Puts in weekly and at 25300 for Calls and 24400 for Puts in monthly contracts. FIIs increased their future index long position holdings by 5.60%, decreased future index shorts by 4.64% and in index options by 3.03% decrease in Call longs, 2.10% decrease in Call short, 2.46% decrease in Put longs and 1.19% decrease in Put shorts. - Read more

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Morning Nifty and Derivative comments 28 August 2024 By Anand James, Geojit Financial Services

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