IGI Logo

F&O HIGHLIGHTS

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

HOLD LONGS WITH SL OF 17300 LEVELS

* Nifty continued its upward journey on Monday, where it gained by 127.60 points to close at 17525.10 levels

* Long build up is seen in the Nifty Futures where Open Interest rose by 8% with Nifty rising by 0.73%.

* Long build up is seen in the Bank Nifty Futures, where Open Interest rose by 12% with Bank Nifty rising by 0.86%.

* Nifty Open Interest Put Call ratio rose to 1.30 level from 1.05 levels. Amongst the Nifty options (11-Aug Expiry), Put writing is seen at 17400-17300 levels, Indicating Nifty is likely to find strong support in the vicinity of 17400 - 17300 levels. On the higher side, an immediate resistance is seen in the vicinity of 17600-17800 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 138 Cr with their Open Interest going up by 10818 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