2024-12-02 09:21:25 am | Source: Geojit Financial Services Ltd
Views on Technical Market by Anand James, Chief Market Strategist, Geojit Financial Services
Below the Views on Technical Market by Anand James, Chief Market Strategist, Geojit Financial Services
Nifty outlook:
Last week, we had positioned ourselves for a pull back initially, having run up too quickly on the previous Friday. The consolidation thereafter, and the recovery swing from 23900 post expiry points to a departure from the sell-on-rallies mode prevailing since 27th September. These are initial signs of regrouping of bulls and we are encouraged to eye 24700, the 50 day SMA, as the near term objective. Alternatively, inability to float above 24230 early in the week, could see Nifty drifting lower again, and the recovery attempts may have to wait until 23700 is seen. - Read moreDerivative outlook:
Nifty weekly contracts have the highest open interest at 25000 CE and 23000 PE while monthly contracts have the highest open interest at 25000 CE and 24000 PE. The highest OI addition was seen at 25300 CE and 23000 PE in weekly and at 25000 CE and 23500 PE in monthly contracts. Fils decreased their future index long holdings by 0.50%, decreased future index shorts by 1.75% and in index options, 23.52% increase in Call longs, 8.10% increase in Call short, 18.06% increase in Put longs and 19.08% increase in Put shorts,- Read moreAbove views are of the author and not of the website kindly read disclaimer
Disclaimer:
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.
To Read Complete Disclaimer Click Here
Latest News
Dixon Technologies?` net profit rises over 100 pc in...
Nifty opened with an upward gap and remained in posi...
Centre introduces `Entity Locker` for smooth busines...
India VIX increased by 4.23% to close at 16.42 touch...
Total area under rabi crops crosses 640 lakh hectares
The Nifty 50 index added 141.55 points or 0.61% to 2...
After Elon Musk-Mukesh Ambani tussle, India bets sat...
Market is expected to open on a flattish note and li...
Market Watch: Trump holds off from trade tariffs on ...
Rupee to rise amid dollar swings on Donald Trump tar...
Tag News
Nifty opened with an upward gap and remained in positive terrain throughout the day - Jaina...
More News
Views on Technical Market by Anand James, Chief Market Strategist, Geojit Financial Services
Daily Market Analysis : Trading in the markets remained lackluster, closing marginally higher amid a blend of signals Says Mr. ...
Views on Technical Market by Anand James, Chief Market Strategist, Geojit Financial Services
Quote on FPI By Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services