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
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
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 moreDerivative 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 moreAbove views are of the author and not of the website kindly read disclaimer
Latest News
Centre launches portal for nurturing skill developme...
Hyundai, Kia`s Europe sales down 7.5 pc in October
AI-powered voice analysis may revolutionise early di...
Rohit Sharma to join Indian team in Australia on Sunday
Evening Roundup : A Daily Report on Bullion Energy &...
Buy Copper Above 825 SL Below 821 TGT 830/833 - Axis...
Over 9 in 10 Indian leaders anticipate an increase i...
Evening Track : Renewed Geopolitical uncertainty fue...
Mahayuti government is going to be formed: Shiv Sena...
Everything will get clear on the 23rd: BJPs Rahul Na...
Tag News
Daily Market Analysis : Markets edged lower and lost over half a percent, in continuation to...
Quote on Market Wrap Up by Shrikant Chouhan, Head Equity Research, Kotak Securities Ltd
Sensex ends 422 points down, Nifty below 23,350 over weak global sentiment
Quote on the first leg of the 6 changes on Index Derivative Contracts that goes live from 20th November 2024 by Ashish Nanda, Kotak Securities
More News
Quote on FPI By Dr. V K Vijayakumar, Geojit Financial Services
Weekly Market Round Off by Shrikant Chouhan, Head Equity Research, Kotak Securities
Daily Market Analysis : Nifty has finally surpassed the 23,600 hurdle after two weeks of consolidation, reaching a new record h...
Morning Nifty and Derivative comments 09 October 2023 By Anand James, Geojit Financial Services