28-11-2024 09:42 AM | Source: Geojit Financial Services Ltd
Views on Technical Market by Anand James, Chief Market Strategist, Geojit Financial Services
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Below the Views on Technical Market by Anand James, Chief Market Strategist, Geojit Financial Services
Nifty outlook:
At the start of this week, while pencilling in the upside objectives for the short term, we had favoured pull back moves initially. So far such moves have dominated, but we are not in a “sell on rallies” mode any more, which has been the case since 27th September. Yet, key resistances have not been breached, and mean reversion moves have not stretched far enough to spark the next upmove. Towards this end, despite large upsides yesterday, we will continue to expect 23900. Alternatively, swing higher from 24030 or a direct push above 24420 could get us interested again with the upside prospects. - Read moreDerivative outlook:
Nifty weekly contracts have the highest open interest at 25000 CE and 23700 PE while monthly contracts have the highest open interest at 25000 CE and 24200 PE. The highest OI addition was seen at 24600 CE and 23700 PE in weekly contracts and at 24600 CE and 24200 PE in monthly contracts. Fils increased their future index long holdings by 10.46%, Increased future index shorts by 10.46% and in index options, 13.73% decrease in Call tongs, 20.35% decrease in Call short, 21.25% decrease in Put longs and 27.90% decrease in Put shorts. - Read moreAbove views are of the author and not of the website kindly read disclaimer
Latest News
Preamble of Indian Constitution describes country`s ...
PhonePe`s Share.Market introduces Sheets to Discount...
Global sovereign funds, top investors reaffirm suppo...
Evening Roundup : A Daily Report on Bullion Energy &...
India stands out as a leader in AI-driven sustainabi...
India`s gig economy could add 90 million jobs over time
Reliance`s US unit buys $12 million stake in helium ...
Sensex slumps 1,190 pts, Nifty closes below 24,000
Commodity Research Evening Track by Kotak Securities
Quote on F&O Expiry by Mr. Chandan Taparia, Head, Eq...
Tag News
Sensex slumps 1,190 pts, Nifty closes below 24,000
Quote on F&O Expiry by Mr. Chandan Taparia, Head, Equity Derivatives & Technicals, Wealth Management, Motilal Oswal Financial Services
Daily Market Commentary : Nifty closed sharply lower at 23,914, down 1.49%, weighed by monthly F&O expiry and weak global cues Says Mr. Siddhartha Khemka, Motilal Oswal
Market Wrap by Shrikant Chouhan, Head of Equity Research, Kotak Securities
