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What is Weekly Derivative Market Outlook about?

The Weekly Derivative Outlook advises caution until the Nifty index closes above 23,200, with immediate support at 22,700 and potential further support at 22,500. The Bank Nifty also suggests a defensive approach until it exceeds 49,500, with immediate support around 48,700-48,500. Current derivative data indicates a buildup of short positions in both Nifty and Bank Nifty futures, alongside long unwinding by FIIs in index futures.

Author

vfvfv

Language

EN