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F&O HIGHLIGHTS

LONG BUILD UP WAS SEEN IN THE NIFTY & BANK NIFTY FUTURES

ACCUMULATE LONGS WITH SL OF 17700 LEVELS???????

* On Thursday, the Nifty finished with a strong gain. The Nifty finished near 17,800. Positive global equity markets, falling oil prices, and consistent FIIinflows aided domestic equity buying. Stocks in banks were in high demand. Metals, media, and consumer durables stocks, on the other hand, were underpressure. The S&P BSE Sensex increased 659.31 points, or 1.12 %, to 59,688.22.

* Long build up was seen in the Nifty Futures where Open Interest rose by 0.43% with Nifty rising by 0.99%.

* Long build up was also seen in the Bank Nifty Futures, where Open Interest rose by 8.35% with Bank Nifty rising by 1.82%.

* Nifty Open Interest Put Call ratio rose to 1.26 level from 1.07 levels. Amongst the Nifty options (15-Sep Expiry), Call writing is seen at 17900-18000 levels,Indicating Nifty is likely to find strong resistance in the vicinity of 17900 - 18000 levels. On the lower side, an immediate support is seen in the vicinity of17500-17700 levels where we have seen Put writing .

* Long build up was seen by FIIS’ in the Index Futures segment where they net bought worth Rs 853 Cr with their Open Interest going up by 4168 contracts

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