2024-10-16 09:09:00 am | Source: Geojit Financial Services Ltd
Technical Market Views by Anand James, Chief Market Strategist, Geojit Financial Services.
Below the Quote on Technical Market Views by Anand James, Chief Market Strategist, Geojit Financial Services.
Nifty outlook:
Though turbulence played out on expected lines yesterday, the steepness of the declines did raise alarms briefly. The close back above 25040 points to loss in bearish momentum, allowing us to retain the 25390 view for the week. We will now position for swings within the 24900- 25234 region initially. - Read moreDerivative outlook:
Nifty weekly contract has highest open interest at 25200 for Calls and 25000 for Puts while monthly contracts have highest open interest at 27000 for Calls and 25000 for Puts. Highest new OI addition was seen at 25200 for Calls and 23050 for Puts in weekly and at 26000 for Calls and 25300 for Puts in monthly contracts. FIIs decreased their future index long position holdings by 2.54%, increased future index shorts by 0.85% and in index options, 6.82% increase in Call longs, 0.99% decrease in Call short, 10.64% increase in Put longs and 4.30% decrease in Put shorts. - Read moreAbove views are of the author and not of the website kindly read disclaimer
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The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
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