News Details NIFTY, Intraday Tips, NSE, News, Mutual Fund, Commodity, Currency, World Market, Finance, Economic, BSE, Wealth, NPS, IPO, Portfolio, MCX, Investment Guru

04-10-2024 10:49 AM | Source: Geojit Financial Services

Views on Technical Market by Anand James, Chief Market Strategist, Geojit Financial Services

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

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

Below the Views on Technical Market by Anand James, Chief Market Strategist, Geojit Financial Services

Nifty outlook:

While we expect a pause near 25000, an attempt to turn higher could play out earlier than that. For now, 25460 is expected to have limited upsides, but we will weigh the prospects for 25690, on the go. Alternatively, inability to float above 25300 could quickly pave way for 25000 or even 24600. - Read more

Derivative outlook:

Nifty weekly contract has highest open interest at 25250 for Calls and 25250 for Puts while monthly contracts have highest open interest at 27000 for Calls and 25000 for Puts. Highest new OI addition was seen at 25250 for Calls and 25250 for Puts in weekly and at 25500 for Calls and 24400 for Puts in monthly contracts. FIIs decreased their future index long position holdings by 25.22%, increased future index shorts by 60.49% and in index options by 37.45% decrease in Call longs, 34.61% decrease in Call short, 39.56% decrease in Put longs and 43.59% decrease in Put shorts. - Read more

Above views are of the author and not of the website kindly read disclaimer

IGI Logo

Views on Technical Market by Anand James, Chief Market Strategist, Geojit Financial Services

Top News

Tag News

More News