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F&O HIGHLIGHTS

SGX IS SUGGESTING GAP UP OPENING FOR NIFTY

ACCUMULATE LONGS ON DECLINE WITH SL OF 17600 LEVELS

* After a volatile session on Wednesday, the Nifty ended with minor losses. The Nifty 50 index recovered most of its losses after opening at 17,519.40 andclosed above the 17,600 level. Cement, media, pharmaceutical, and healthcare stocks rose, while auto and bank stocks fell. The benchmark index, the S&PBSE Sensex, fell 168.08 points, or 0.28 %, to 59,028.91. T the Nifty 50 index fell 31.20 points, or 0.18 %.

* Long unwinding was seen in the Nifty Futures where Open Interest fell by 0.04% with Nifty falling by 0.18%.

* Long unwinding was also seen in the Bank Nifty Futures, where Open Interest fell by 6.78% with Bank Nifty falling by 0.53%.

* Nifty Open Interest Put Call ratio rose marginally to 1.07level from 1.04 levels. Amongst the Nifty options (08-Sep Expiry), Call writing is seen at 17800-17900 levels, Indicating Nifty is likely to find strong resistance in the vicinity of 17800 - 17900 levels. On the lower side, an immediate support is seen inthe vicinity of 17500-17600 levels where we have seen Put writing .

* Short buildup is seen by FIIS’ in the Index Futures segment where they net sold worth Rs 71 Cr with their Open Interest going up by 3872 contracts.

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