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.
With Friday’s closing hour managing to push Nifty above the initial two hour’s close when the selling intensity was at its highest, we now have initial signs of a reversal. The August low of 23894 will thus act as a downside marker for all upside attempts. However, we also expect rejection trades to resurface on pull back to 24350. - Read more
Nifty weekly contract has highest open interest at 25000 for Calls and 23000 for Puts while monthly contracts have highest open interest at 25000 for Calls and 23000 for Puts. Highest new OI addition was seen at 25000 for Calls and 23000 for Puts in weekly and at 25000 for Calls and 23000 for Puts in monthly contracts. FIIs increased their future index long position holdings by 4.95%, decreased future index shorts by 2.93% and in index options, 35.88% increase in Call longs, 28.23% increase in Call short, 47.47% increase in Put longs and 29.05% increase in Put shorts. - Read more
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