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F&O HIGHLIGHTS

PUT WRITING IS SEEN IN THE VICINITY OF 18100-18200 LEVELS

ACCUMULATE LONGS ON DECLINE WITH SL OF 18200 LEVELS.

* Nifty closed almost flat on May 09 after a volatile session. At close, Nifty was up 0.01% or 1.55 points at 18265.95.

* Short build up is seen in the Nifty Futures, where Open Interest rose by 4% with Nifty falling by 80 points from the intraday high to end the day flat.

* On the other hand, long unwinding is seen in the Bank Nifty Futures also, where Open Interest fell by 4% with it falling by 0.20%.

* Nifty Open Interest Put Call ratio fell to 1 levels from 1.10 levels. Amongst the Nifty options (11-May Expiry), Put writing is seen at 18100-18200 levels, Indicating Nifty is likely to find strong support in the vicinity of 18100 - 18200 levels. On the higher side, an immediate resistance is seen in the vicinity of 18300-18400 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 516 Cr with their Open Interest going up by 6152 contracts.

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