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Highly volatile day ended mildly in the red where Nifty ended - HDFC Securities 

F&O HIGHLIGHTS

LONG BUILD UP WAS SEEN IN THE BANK NIFTY FUTURES

ACCUMULATE LONG POSITIONS ON DECLINE WITH SL OF 15000

* Highly volatile day ended mildly in the red where Nifty ended the day with the losses of 10 points to close at 15163 levels.

* Minor Short build up was seen in Nifty Futures’ where Open Interest rose by 2% with Nifty falling by 10 points.

* On the other hand, Long build up was seen in the Bank Nifty Futures, where we have seen 9% rise in the Open Interest with Bank Nifty rising by 1%.

* Amongst the Nifty options (18-Feb Expiry), Put writing was seen at 15000-15100 levels, Indicating 15000 level will act as a strong support. On the higher side, resistance is seen in the vicinity of 15300-15350 levels where we have seen Call writing.

* Short build up was seen by FIIS’ in the Index Futures segment where they net sold worth Rs 733 Cr with their Open Interest going up by 7356 contracts.

To Sum It Up, Long build up in the Bank Nifty Futures and Put writing at 15000-15100 levels Indicates that one should continue to remain bullish for the markets Therefore, our advise is accumulate long positions with the stop loss of 15000 levels. On the higher side 15300-15350 level will act as a resistance where Calls have been written

In the Bank Nifty, our advice is to accumulate long positions with the stop loss of 35500 levels. On the higher side, resistance is seen in the vicinity of 36500-37000 levels.

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