26-04-2024 10:19 AM | Source: Geojit Financial Services Ltd
Morning Technical Market views 26 April 2024 by Anand James, Chief Market Strategist, Geojit Financial Services

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Below the Quote on Morning Technical Market views by Anand James, Chief Market Strategist, Geojit Financial Services

 

Nifty outlook:
We will begin the day with caution, expecting a turn lower once near 22760-775, such a move is likely to gain momentum only if below 22490. Meanwhile, 22670-550 is a consolidation band that could retain positivity, with eyes on 23200.  - Read more
 
Derivative outlook:
Nifty weekly contract has highest open interest at 22600 for Calls and 22600 for Puts while monthly contracts have highest open interest at 22600 for Calls and 22600 for Puts. Highest new OI addition was seen at 22600 for Calls and 22600 for Puts in weekly and at 22600 for Calls and 22600 for Puts in monthly contracts. FIIs decreased their future index long position holdings by -11.28%, decreased future index shorts by -35.98% and in index options by -22.47% decrease in Call longs, - 13.06% decrease in Call short, -33.31% decrease in Put longs and -16.32% decrease in Put shorts. - Read more
 
USD-INR outlook:
 

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