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F&O HIGHLIGHTS

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

HOLD LONGS WITH SL OF 17450 LEVELS

* Nifty continued its upward journey on the back of positive global cues, where it gained by 124.25 points to close at 17659 levels

* Long build up is seen in the Nifty Futures where Open Interest rose by 1.2% with Nifty rising by 0.71%.

* Long build up is seen in the Bank Nifty Futures too, where Open Interest rose by 11% with Bank Nifty rising by 1.55%.

* Nifty Open Interest Put Call ratio rose to 1.24 level from 1.23 levels. Amongst the Nifty options (18-AUG Expiry), PUIT writing is seen at 17500-17400 levels, Indicating Nifty is likely to find strong support in the vicinity of 17500 - 17400 levels. On the higher side, an immediate resistance is seen in the vicinity of 17800-17900 levels where we have seen Calls writing .

* Long build up is seen by FIIS’ in the Index Futures segment where they net bought worth Rs 922 Cr with their Open Interest going up by 5297 contracts.

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