IGI Logo

F&O HIGHLIGHTS

LONG BUILD UP IS SEEN IN THE NIFTY FUTURES

HOLD LONGS WITH SL OF 17600 LEVELS

* Nifty ended on a positive note on the back of metal and banking stocks, where it gained by 39 points to close at 17698.15 levels

* Long build up is seen in the Nifty Futures where Open Interest rose by 0.84% with Nifty Futures rising by 0.16%.

* On the other hand, Short covering is seen in the Bank Nifty Futures, where Open Interest fell by 0.36% with Bank Nifty Futures rising by 0.34%.

* Nifty Open Interest Put Call ratio remain steady at 1.24 levels. Amongst the Nifty options (18-Aug Expiry), Put writing is seen at 17600-17500 levels, Indicating Nifty is likely to find strong support in the vicinity of 17600 - 17500 levels. On the higher side, an immediate support is seen in the vicinity of 17800-17900 levels where we have seen Put writing .

* Long build up is seen by FIIS’ in the Index Futures segment where they net bought worth Rs 921 Cr with their Open Interest going up by 6299 contracts.

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at https://www.hdfcsec.com/article/disclaimer-1795

SEBI Registration number is INZ000171337

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer